As noted previously, British Arab Commercial Bank Plc tops the latest Pre-Tax Profit Growth
Table due to a leap back to the sort of figure that we would expect
(£13,555,000 for 2012) against a relatively low base of £209,000 for
2011. Both Adam & Co Plc and United National Bank Ltd record growth
of over 1000% for much the same reason.
It is therefore useful to look again at the average for the last four years.
Although, once again, the growth for British Arab Commercial Bank Plc of
6385% for 2012 compared to 2011 has put it at the top of the 4 year
average table, for two of the comparative years there has been a fall in
profit.
Union Bank comes in at second place despite a recent fall in profit. FBN Bank (UK) Ltd comes in at third place and Methodist Chapel Aid Ltd comes in fifth.
None of these six banks however has shown an increase in profit each year over the past four years. When we reported six months ago there were only three banks that could be awarded this accolade which suggests strong, steady growth. They were Vanquis Bank Ltd, ABC International Bank Plc and Standard Chartered Bank. To those three we can now add two more: Sainsbury's Bank Plc and Zenith Bank (UK) Ltd, having both turned in impressive profits for 2012.
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