Portsmouth bank says boost is down to customers

Portsmouth South MP Stephen Morgan with the staff of The Emirates Spinnaker Tower and a snow covered Portsmouth as a backdrop       Picture by  Malcolm Wells (180319-0933)

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HANDELSBANKEN Portsmouth has reported an encouraging start to the year following a boost in lending and deposit-taking.

The 145-year-old bank credited local branch customers for its success.

In the last quarter the business saw a 11 per cent rise in lending to British customers.

UK customer deposits increased by 28 per cent over the same period, to £12.1 billion, with household deposits seeing an increase of 49 per cent.

The business is run by a team of local bankers who have a combined 250 years’ experience in the trade.

The Portsmouth branch at 1000 Lakeside is one of 207 in the UK.

Phil Dedman, manager of Handelsbanken’s Portsmouth branch, said: ‘Our continual profitable growth in the UK has primarily been achieved through our overwhelming focus on satisfying our customers.’