Masthaven Bank Limited

Anna MileikoCreated by Anna Mileiko

Masthaven Bank Limited Logo

Address

Palladium House, 1-4 Argyll Street, London, United Kingdom

BIC

MHVNGB2LXXX

Overview

Category

Commercial banks

Business Focus

retail banking

Established in 2004 as Masthaven Solutions to focus on providing bridging finance and secured loans, Masthaven Bank obtained its banking license in 2016 and expanded into retail banking by providing flexible and fixed term savings accounts, bridging loans, development finance and mortgages. In February 2022, Masthaven Bank decided to withdraw from the UK banking market.

Performance

In 2022, Masthaven Bank Limited achieved the position of 126th largest bank in the United Kingdom with a market share of 0.01%; its total assets dropped by 27.56%.

Additionally, the bank became the 135th profitable bank in relation to its total assets showcasing -2.61% return on assets and -30.85% return on equity in 2022.

Also the lender held the 113th position regarging its loans-to-deposits (L/D) registering 10.93% L/D ratio in 2022.

Deposit Protection

Deposits up to 85,000 GBP are covered by the United Kingdom's deposit guarantee scheme in Masthaven Bank Limited.

Services

retail banking
business banking

Clients

individuals
companies

Area Served

GBUnited Kingdom

Products

savings accounts
personal loans
mortgage loans
buy-to-let loans
bridging finance
development finance

Ways to Bank

Masthaven Bank Limited delivered its products and services via direct (online) channels only, namely:
Masthaven Bank Limited Ways to Bank
online banking online banking

Financials

Total Assets of Masthaven Bank Limited
Annual_profit of Masthaven Bank Limited
Market Share of Masthaven Bank Limited
Total Assets (2023)
43.54 mln GBP   (-92.94%)
Annual Profit (2023)
-15,278,000.00 GBP   (-20.18%)
Number of Employees (2023)
62   (-64.57%)

In 2023 total assets of Masthaven Bank Limited were 43,54 mln GBP. In 2023 the bank's annual profit was -15,28 mln GBP. Masthaven Bank Limited had 62 employees in 2023.

Deposit Guarantee

Guarantee Fund
Financial Services Compensation Scheme (FSCS)Financial Services Compensation Scheme (FSCS)
Protected Amount
up to 85,000 GBP
Eligible Depositors
private individuals
companies
Covered Accounts
current accounts
savings accounts
time deposit accounts

Masthaven Bank Limited participates in the deposit guarantee scheme of the United Kingdom which applies to current accounts, savings accounts, time deposit accounts made by private individuals, companies and covers up to up to 85,000 GBP per bank per depositor. Masthaven Bank Limited is a member of Financial Services Compensation Scheme (FSCS) and makes its contributions into it.

See Also

Contacts

addressPalladium House, 1-4 Argyll Street, London, United Kingdom
phone+44 2070362000
websitehttps://www.masthaven.co.uk/

Masthaven Bank Limited was headquartered in London.

Social Networks

Masthaven Bank Limited has profiles at the following social networks:

Bank Identifiers

BIC (SWIFT)
MHVNGB2LXXX
LEI
213800PRJDSBT6N11915
Company Number
09660012
MFI ID
GB3080

Bank Supervision

Supervised By
Financial Conduct Authority
Reference Number
719354

Masthaven Bank Limited was authorized and supervised by the Financial Conduct Authority (reference number 719354).

Bank History

Start Date
June 2016
Close Date
January 2024
Previous Name
Masthaven Solutions Limited
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