Scottish private bank Hampden hails £1 billion milestone
“Our strategy sets out a vision for a sustainable, growing private bank” – Tracey Davidson, CEO
Hampden Bank, the Edinburgh-founded private banking group, has broken through £1 billion of client deposits and grown its client base by more than 7 per cent.
New figures show that deposits at the bank increased to £1.12 billion in the year to December 31, 2025 - a rise of 13 per cent on 2024.
Loans and advances were also up in 2025, at £640 million, against £586m in the previous year. Total income rose to £31.5m from £30.3m, though profit before tax at £7m was down marginally on the £8.2m posted in 2024 as a result of “organisational change, strategic investment and earlier than forecast falls in Bank of England base rates”.
Adjusting for these factors, 2025 profitability would have surpassed that of 2024. Having paid its first full dividend in 2025, the bank has proposed a 5 per cent increase for the 2026 payment.
The bank marked its tenth anniversary last year, while launching a new north and Midlands base in Manchester and moving to new offices in Edinburgh and London. Additionally, several key executive hires were made during 2025.
Hampden grew its client base by more than 7 per cent during the year to almost 6,500.
Chief executive Tracey Davidson said: “Our strategy sets out a vision for a sustainable, growing private bank, recognised for the quality of its client relationships, the strength of its risk management, and the professionalism of its people, all of which are vital to deliver on our strategic ambition to generate in excess of £20m of annual profit before tax by 2030.
“In a market increasingly shaped by commoditisation and digitisation, we continue to believe in the value of a personal relationship-led approach to private banking, one where technology enhances rather than replaces the human experience. Our new team covering the north and Midlands demonstrates our belief that clients value connecting in person.”
She added: “Whilst economic and geopolitical uncertainties are likely to persist, the bank enters its next phase of growth from a position of strength. We have a clear strategic direction, a resilient business model, a growing and loyal client base, and a committed team of talented colleagues.”
Comments
Want to join the conversation? Please or to comment on this article.