Skipton International has reported strong financial results for 2024, announcing profits of £31 million before tax and a return on equity of 19.9%.

The Guernsey-licensed bank and part of the Skipton Group saw a slight decrease in its mortgage book, reflecting lower completions of £167 million compared to £375 million in 2023. However, Skipton International confirmed that its mortgage portfolio continues to perform well.

In addition to its financial results, Skipton retained its Feefo Platinum Trusted Service provider award for the sixth consecutive year and was named Moneyfacts Offshore Account Provider of the Year for the fourth year running.

Jim Coupe (pictured), Skipton’s chief executive officer, said: “The bank’s success is due to the loyalty of our customers and colleagues, and I would like to thank them all.

“In a year that had its moments of turbulence in the financial markets my colleagues at Skipton deserve special recognition for their hard work and exemplary focus on customer service at all times.

“Skipton International’s niche offering of Channel Island residential and buy-to-let mortgages, UK buy-to-let mortgages for expats and overseas residents, and a range of offshore savings accounts is robust and ensures we stay a firm favourite with our customers.

“As previously announced, I will shortly be stepping down as chief executive officer after 14 years at the bank, which I have felt privileged to serve. I send my successor my very best wishes and am pleased to be handing over the business with such strong financial news.”