Coutts records 'strong results' in Q1

News Team, 29/04/2022

UK private bank Coutts Q1 2022 results show it has seen a 9.1 percent Net New Money (NNM) growth of £0.8bn, £0.2bn higher than its 2021 Q1 results.

The bank also saw a seven percent increase in its AUM to £35bn; operating profit increase by 28 percent to £82m, saw net loans increased by six percent to £18.7bn and deposits increased 20 percent to £40.3bn.

Coutts has also seen over 600 new clients onboarded, an increase of 24 percent compared to Q1 2021.


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