The UK-headquartered listed company acquired the trust business from Royal Bank of Scotland International at the end of last year for £6.
m.
Preliminary results announced for the first half of the year to 30 June report profit before tax of £7.
m, up 61% on the same period last year, reflecting ‘an improvement in the underlying performance of the business’.
Chief executive Mike Bourke said:’The acquisition is performing according to plan and is delivering healthy organic growth at the same time,’ he said.
‘This division is maintaining its track record of high growth over the previous six years.
