Profits have risen by 124 percent at Weatherbys Banking Group in 2022.

In its annual report, the bank reported pre-tax profits of £15.2 million, up from £6.8 million in 2021.

This growth was supported by a significant – 54 percent – increase in interest income from £32 million to £49.2 million.

Meanwhile, client deposit balances rose by 8.0 percent, to £1.52 billion and client lending balances rose to £776 million.

The group’s total assets sto...