The Cardiff-based banking and financial services group says that profits have risen by 20%, to £13.
million, with total assets increasing by £53 million to £576.
million.
The bank’s founder, St Brelade resident Sir Julian Hodge, died in July last year at the age of 99.
Commenting in his annual report statement, chairman John Mitchell said: ‘Sir Julian left the bank a huge legacy of which he was, justifiably, very proud.
The directors can take satisfaction from the knowledge that Sir Julian had been delighted with the improving financial results over the past couple of years, particularly the record profits.
Mr Mitchell highlighted the expansion of the commercial devision – property-based lending, asset finance, insurance broking, and deposits – as a key area of improved performance.
He said that Hodge Insurance Brokers continued to make ‘excellent progress’, with growth in retail and commercial deposits providing a very strong platform for increased lending.
