B is for Billion: UTB passes milestone07/02/2018
United Trust Bank ("UTB") has passed a significant milestone in its ambition to become the UK’s foremost specialist bank as its balance sheet exceeds £1 billion. The achievement follows another successful year for UTB as it increased lending volumes, took on further office space at its headquarters in Moorgate and continued to invest in people and technology across all business divisions.
Harley Kagan, Group Managing Director at United Trust Bank, commented, "It was an exciting moment when UTB’s balance sheet exceeded £1bn for the first time and I was delighted to immediately share the news with the people who helped to make it happen, our excellent team at UTB. Now I’d like to take this opportunity to thank all the brokers and customers who have supported us in reaching this important milestone.
"United Trust Bank has more than quadrupled in size in the last five years in several key measures, including staff numbers, customer deposits and total assets. However, we have no intention of taking our foot off the gas. Looking to the future, we remain optimistic and excited about what lies ahead. We have ambitious plans to maintain our growth, continue developing new products and explore new and exciting opportunities, whilst at the same time delivering the very best service to our broker partners and customers.
“Becoming a billion-pound business was a big moment for us, but it’s just one more step on our journey to becoming the UK’s leading specialist lender.”
According to information compiled by Searchline Publishing for their Bank League Tables, United Trust Bank ranks in the top 10 of all UK banks for measures including Return on Capital Employed and Return on Assets. UTB has dedicated divisions providing development finance, mortgages and bridging finance, structured finance and asset finance. The Bank also picked up seven awards in 2017 for its deposit accounts and second charge mortgage products.