Gatehouse Bank posts solid H1 performance

An announcement of Gatehouse Bank plc states that the bank has a strong set of interim results for the first six months of 2012. Profit projections have been exceeded by almost 10% with a total of more than $3.2 million (GBP 2.1 million). This shows that the bank’s business and operating model is maturing out of its start-up phase. The bank is also close to meeting its 2012 financial plan, since the income for the same period is £6,121k in comparison with £1,719k for the comparative period - a 250% increase. Thus, substantial growth and wealth preservation on behalf of its investors is delivered.