The new fintech solution aims to transform how it brings its specialist UK property proposition to intermediaries and facilitate entry into the regulated bridging market.
Castle Trust will also continue to invest in its digital proposition, with a new version of its mobile app being launched to savings consumers in summer this year.
This follows the bank’s successful performance between October 2021-February 2022, which saw Castle Trust deliver a profit before tax of £4.1m (unaudited), exceeding the profit before tax for the whole of 2021.
The bank’s property lending has continued to build momentum and is expected to originate more than £120m over the second half of the year.
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In addition, Castle Trust’s digital savings accounts have helped customers to save more than £120m in the last three months.
For the financial year ended 30th September 2021, Castle Trust has seen its profit before tax increase to £3.6m, up from £800,000 in the previous year.
Martin Bischoff, CEO at Castle Trust Bank, said: “Our strong end-of-year results and the fact that we have already delivered more profit in the current financial year than the whole of last year, demonstrate our ability to scale, while remaining profitable.
“We are on track to deliver a profit before tax in 2022 which is more than treble last year’s.
“This is all down to the continuous investment we are making in the latest digital technologies and our deep fintech expertise that enables us to provide our customers with seamless journeys.”
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