Gatehouse Bank has surpassed the £1bn mark in financed assets.
The milestone follows pre-tax profits of £3.6m in 2021 and a record number of people opting to bank with Gatehouse.
Last year also saw the bank’s income increase to record levels with a 30% rise to £31.2m, up from £23.9m in 2020. As a result, gross assets climbed by 24% to £1.03bn, up from £825m the year previously.
Gatehouse is a Shariah-compliant ethical bank, based in London, Milton Keynes and Wilmslow. It offers a range of ethical savings products as well as finance for UK residential and commercial real estate.
“As a bank we are immensely proud to have reached this milestone in a relatively short period of time and during a volatile period for the global economy,” commented CEO, Charles Haresnape. “Today’s announcement indicates the demand for ethical-led financial support is growing rapidly, as an increasing number of customers and investors re-evaluate their idea of ‘best practice’.
“We are more ambitious than ever to maintain sustainable growth and propel our product range to new heights. It’s this that will ensure we continue to support our record number of valued customers in the best possible way.”
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