Bank of Scotland International records strong financial results
19/03/2007
Bank of Scotland International has recorded strong financial result during 2006 and has seen operating profits increase to £39.4m from £37.8m in 2005.
Financial highlights include:
- A record year for savings balance growth, with the value of savings deposits increasing by 23%. In particular, Bank of Scotland International's fixed deposit offering has been spectacularly successful, contributing £600m of the £1bn increase in balances.
- £1bn additional Treasury deposits.
- The highest year-on-year increase in mortgage volumes, which increased by 56%. This was assisted by a strong sales performance and the distribution partnership with the UK BOS Residential Mortgages team.
Neale Smith, Finance Director at Bank of Scotland International, said,"These are strong results, reflecting a high level of commitment from all of our staff. Our growth strategies are really starting to pay off."
Editors' Notes
Bank of Scotland International offers a range of services to suit the needs of customers all over the globe. This includes everything from offshore banking and savings accounts, offshore mortgages and financial planning. For further information about the two saving accounts please visit http://www.bankofscotlandinternational.com or call 01534 613500.
