TSB has revealed its highest pre-tax profits since relaunching in 2013, as increased lending and higher interest rates bumped up its total income to more than £1bn.
The Edinburgh-headquartered bank said its statutory pre-tax profits hit £183.5m over 2022, higher than the £157.5m it saw the previous year.
Total statutory income surged by more than 12% to £1.1bn, which TSB said reflected it lending more, as well as taking in more cash from higher interest rates and deposit margins.
