United Trust Bank’s (UTB) loan book has exceeded £3bn for the first time, following continued growth across all of its lending divisions in 2023.
The specialist lender said it had racked up record breaking results in its development, structured, bridging, mortgage and asset finance businesses.
Mark Stokes (pictured), executive director and chief commercial officer at United Trust Bank, said: “I am delighted that despite the challenges the market has presented us this year, our outstanding staff and valued customer and broker partners have helped UTB to deliver a superb performance.
“Increasing our loan book to in excess of £3bn for the first time is a significant and exciting milestone, highlighting the success of our growth strategy and giving us great confidence in our plans to continue developing our business and growing our share of the specialist finance market.
“We have proven that although there have been some jitters in the banking sector over the last nine months, UTB is a robust, trusted and reliable through the cycle lender with a bright and exciting future. We remain committed to supporting our customers and brokers in the long term whatever economic challenges lie ahead.”
