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.
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.
Deposits up to 85,000 GBP are covered by the United Kingdom's deposit guarantee scheme in Masthaven Bank Limited.
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.
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.
Masthaven Bank Limited was headquartered in London.
Masthaven Bank Limited has profiles at the following social networks:
Masthaven Bank Limited was authorized and supervised by the Financial Conduct Authority (reference number 719354).