United Trust Bank directors attend the Sunday Times BDO Profit Track 100 awards dinner

United Trust Bank’s Graham Davin (CE0), Harley Kagan (MD) and Jonathan Ayres (CFO) attended the 17th annual Sunday Times BDO Profit Track 100 awards dinner at the Savoy Hotel, London.

United Trust Bank was placed 25th in the list of the UK’s 100 fastest growing private companies and the three directors joined guests from the UK’s other leading businesses as they collected their awards.

The league table and awards programme is sponsored by BDO and UBS Wealth Management, and is compiled by Fast Track, the Oxford-based research and networking events firm.

Earlier this year United Trust Bank reported a 67% increase in profits after tax to £12.3m for the year ending the 31st December 2015.

The specialist bank increased lending by 48% to £434m, operating income rose 34% to £31.6m and customer deposits grew by 46% to £476m. Return on equity was an impressive 32%.

During 2015 UTB saw growth in lending across all of its divisions and launched a retail mortgage proposition, offering second charge secured loans, and an innovative technology finance product.

United Trust Bank Chief Executive Officer, Graham Davin, commented:

“We are delighted to have been placed 25th in this list of the UK’s fastest growing private companies. We have developed the business considerably in the last four years with significant growth in lending.

“United Trust Bank is guided by a talented management team and driven by its dedicated staff. I would like to thank them for their continued hard work and commitment and also thank the brokers and intermediaries which support the bank. It’s our team and our customers which make United Trust Bank such an outstanding and successful business.”