Operating income rose 34% to £31.6m while customer deposits grew by 46% to £476m.
Graham Davin, CEO of United Trust Bank, highlighted 2015 as an outstanding year for the lender.
“We recorded significant growth in lending, deposits, income and profits, with all reaching milestone levels, and we continued to invest in talented people and new product development,” said Graham.
“Completing a move to new headquarters in the City of London gave us much needed extra space for additional staff and we successfully raised new capital to support UTB’s future growth.”
Graham added that in the past 12 months, UTB had made a number of senior appointments which will allow it to maintain its growth trajectory in 2016 and beyond.
“United Trust Bank is guided by a talented management team and driven by its dedicated staff,” said Graham.
“Their energy and the support of our customers and broker partners has enabled the bank to achieve these excellent results.”
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