Adam & Co profit up 23%
ADAM & Company, the Edinburgh-based people's bank, has seen profits grow by nearly a quarter despite the credit crisis hitting most of the high street banks.
The company, which has 9000 wealthy clients, said pre-tax profits increased by 23 per cent to 20.7 million in what was its 14th successive year of growth.
David Crathie, managing director of the bank, which is owned by Royal Bank of Scotland, said: "None of us are immune, but our clients appear well-placed to ride out any of the choppy waters we are seeing."
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