Financial information

Our strategy is focused on the long term. We aim to build strong,
lasting relationships with our customers and broker partners and grow
sustainable and profitable businesses in underserved sectors of the
finance market

2021 Key Performance Indicators

Operating income
Operating profit 1
Cost income ratio 1
Gross new lending
Staff numbers
Loan book
Funding 3
Return on equity 2

1. Excludes provision for impairment losses

2. Return on Equity is calculated net of the coupon paid on contingent convertible securities

3. Includes the Term Funding Scheme with additional incentives for SMEs

“United Trust Bank has operated successfully throughout the pandemic and we continue to support and serve all our stakeholders. The preservation of the Bank’s culture, customer engagement and employee wellbeing have been key priorities. 2021 was a year of strong growth for the Bank, both in new business volumes and profitability. Profit before tax increased 45% to £44.4m. Investing in our people and technology continues to be a focus and the Board recognises the importance of maintaining capacity to take advantage of opportunities as they arise.”

Richard Murley – Chair

Financial Overview

UTB operates within the UK and its primary activity is the provision of a range of secured funding facilities for individuals and businesses and fixed and notice deposit accounts for individuals, businesses and charities.

The Bank provides short to medium-term property loans supporting SME housebuilders in the development of residential and residential led mixed use housing schemes, bridging and structured finance facilities for individuals, companies and property investors and regulated first and second charge mortgage products.

UTB also provides UK SMEs with a variety of funding options for the acquisition and refinance of assets including wheeled and tracked vehicles and plant, haulage tractors and trailers, CNC machinery and high value and classic cars. All UTB’s lending is funded by the Bank’s capital base and deposits.

Pillar 3 disclosure

The purpose of the Pillar 3 document is to provide information and disclosure to the Bank’s stakeholders in relation to the internal procedures and policies adopted by the Bank to manage and mitigate its key risks.

Download the 2021 Pillar 3 Disclosure >