SCOTTISH private bank Hampden and Co has reported a rise in business across the board which it says signals interest in the personalised aspects of its offering.

The company reported a 40 per cent rise in lending to £132.5 million and a 38% increase in deposits to £267.5m, with total income up 63% to £6.4m.

Graeme Hartop, Hampden and Co chief executive, said the news marks a new phase in personalised banking.

He said: “This growth demonstrates the demand for our truly personalised private banking service. And we added to it in February 2019 with our digital banking service and mobile app.”

Alan Hughes has succeeded founder Ray Entwistle, who retired as chairman in 2018, the firm said, and he commended his predecessor’s career of over 50 years.

Mr Hughes said: “After only three years Hampden has been awarded UK Private Bank of the Year, Ray has a great deal to be proud of.”

Mr Hughes is described an industry stalwart, and was a previous chief executive of First Direct Bank, a former executive board member at HSBC and he serves as pro-chancellor and deputy chair at Loughborough University.

In April this year Hampden and Co shareholders invested a further £9.8m in the young private bank.

Hampden and Co became the first UK private bank to be established in a quarter of a century when it opened for business in June 2015.

Headquartered on Edinburgh’s Charlotte Square and with a London office in Mayfair, it said that it offers a personal banking service “in contrast to an industry that is moving towards further automation and digital self-service”.