Secure Trust Bank's total assets amounted to 3.78 billion British pounds in 2023.
Understanding Secure Trust Bank's Financial Position
As a significant financial institution headquartered in the United Kingdom, Secure Trust Bank operates with a fiscal year that concludes on December 31. Its total assets serve as a crucial indicator of its financial scale, operational capacity, and overall strength within the banking sector.
Key Asset Figures
The bank's asset base has demonstrated notable growth. Here's a summary of the most recent reported total assets:
| Year | Total Assets (GBP) | Notes |
|---|---|---|
| 2023 | 3.78 billion | Reported for the fiscal year ending December 31 |
Growth Trajectory
The increase in total assets underscores Secure Trust Bank's expansion and financial development over recent years.
- The 2023 figure of 3.78 billion British pounds highlights a robust asset base.
- Compared to its asset value reported in 2020, Secure Trust Bank's total assets have increased by approximately 1.12 billion British pounds. This substantial growth indicates a period of significant development and strengthens the bank's market position.
What are Total Assets?
Total assets represent the cumulative value of all economic resources owned by a financial institution like Secure Trust Bank that are expected to provide future economic benefits. For banks, these typically include a diverse range of items:
- Loans and advances to customers: The money lent out to individuals and businesses.
- Cash and balances with central banks: Liquid funds held or deposited with central banking authorities.
- Investment securities: Holdings in various financial instruments such as bonds and equities.
- Property, plant, and equipment: Physical assets used in the bank's operations, like office buildings and technology infrastructure.
Analyzing total assets helps stakeholders assess a bank's size, its capacity to generate revenue, and its overall financial health. For more detailed financial data and historical trends, publicly available financial reports can be accessed through reputable information platforms, such as Statista.
