Skipton International has announced assets of over £2 billion for the end of 2020.

The bank, which is based in The Bordage, St Peter Port, has a global customer base in over 100 countries and a growing Channel Island and UK Buy-To-Let mortgage book. The firm has a reputation as a bank with a heart, particularly with community events such as the Skipton Swimarathon.

Skipton continually assesses its products and services, searching for simpler ways for customers to save with the bank and Skipton is anticipating an extremely busy first quarter of this year for its lending in the Channel Islands and for those investing in Buy-To-Let property in the UK.

Managing Director, Jim Coupe, said: “The last twelve months were challenging for everyone, but it was an important one for us in terms of measuring our ability to adapt and respond to what has become a fast-changing world. As an independent bank we were able to effect change at a fast pace, always ensuring we retained the award-winning customer service we are known for.

“Marketplace changes meant new savings customers for Skipton, particularly with the falling rates at National Savings & Investment. Our UK Buy-To-Let mortgages also increased sharply when Chancellor Rishi Sunak announced the Stamp Duty and Land Tax holiday in England. Guernsey also rebounded strongly from lockdown in June with property sales exceeding the previous year. These are some of many contributing factors to our success.”

“As we pass this milestone, I would like to pay tribute to all Skipton employees, who rose to the challenges thrown at them last year and ensured our customers still received the service they expect in our constantly changing world.”