Pre-tax profits and operating income soared at Kleinwort Hambros Bank (KHB), part of the Kleinwort Hambros Group, the UK, Channel Islands and Gibraltar arm of Societe Generale Private Banking (SGPB), during 2018 according to its latest annual report and accounts which were deposited at Companies House earlier in October.

Pre-tax profits came in at £59.15 million, a £69.01 million improvement on the £9.94 million loss recorded for the year to 31 December 2017.

Total operating income amounted to £149.72 million, an £87.91 million or 142.21 percent improvement on the £61.81 million reported for the previous year.