Latest News from Hodge Bank

22nd November 2017

Hodge sponsors Snowdogs Tails in Wales – Farewell Weekend

Cardiff-based Hodge is sponsoring the Snowdogs Farewell Weekend. Snowdogs, Tails in Wales has been the biggest and most exciting public art event ever seen in Wales, brightening up the capital city and beyond and has brought visitors from far and wide into the streets of Cardiff and the Vale throughout the Autumn.

The event was organised by public art producers Wild in Art and Penguin Ventures and is inspired by THE SNOWMAN™ AND THE SNOWDOG, the animated sequel to Raymond Briggs’ iconic picture book and film THE SNOWMAN™.

The Farewell Weekend is the chance to say goodbye to the 43 super Snowdogs and 57 loveable pups. They’re being gathered together before being auctioned to raise funds for Ty Hafan. As well as being the last chance to see the 100 Snowdogs together, the event will feature children’s entertainment and crafts, and a limited edition Snowdogs souvenir guide and gifts will be available.

Hodge is delighted to contribute to the campaign, and support Ty Hafan raising money for children with life-limiting conditions. David Austin, Managing Director says ‘We’re a proud Welsh business based in the heart of Cardiff. Anthem and Pop Pup are on our doorstep, and with the other Snowdogs around the city they’ve created a real buzz. Doing the right thing is important to us as a business and we’re thrilled to be associated with the Farewell Weekend’.

Sara Webber, Associate Director, Events, Gifts, Brand and Media at Tŷ Hafan, said: “We’re so grateful for Hodge’s generous sponsorship of our Farewell Weekend, where Snowdog fans will get the chance to see all our colourful canines together under one roof for the last time before they are sold to raise vital funds for Tŷ Hafan.”

The event takes place from 8th-10th December in the Capitol Centre, Queen Street, Cardiff, and all profits from the Farewell Event will support the work of Ty Hafan, the hospice for children in Wales.

7th June 2017

Hodge reports record results

Cardiff-based Hodge, has announced its financial results for the financial year ended 31 October 2016. Combined pre-tax profits for the group exceeded £50 million, principally generated by its two financial services subsidiaries.

Hodge Bank, which specialises in commercial and later life lending recorded pre-tax profits of £22.8 million, driven primarily by excellent new business and fee levels in commercial lending.

Net interest income rose by 97% to £13.2 million and net operating income from trading activities rose by 86% to £14.3 million.

Hodge Life Assurance Company, which offers equity release and annuities under the Hodge Lifetime brand, made £27.4 million pre-tax, resulting from strong trading underpinned by a significant increase in pension annuity new business premiums which were 61% up on the previous year.

Group total assets exceeded £1.9 billion at the end of the financial year.

Keith James, Chairman of both companies said:

“It has been a tremendous year. Following the business’ move to One Central Square last September, and its rebrand to trade under the Hodge name, the group’s result has been underpinned by a record performance in both of our main businesses, and we have created a very strong platform for future growth”

David Austin, Group Managing Director noted:

“We are very proud of our 2016 results, and I’m grateful to our staff who have played an important part in this achievement. Nevertheless, we enter 2017 with a degree of caution.

The adoption of a new financial reporting regime has meant that market factors such as interest rates and house prices have a much greater influence on the reported outcome than previously, and whilst the effect has been favourable in 2016, our results will inevitably be more volatile in future.

However, the fundamentals underpinning our business remain strong and I have no doubt we can deal with the vagaries of market movements as they occur.”

The success of the Hodge group has enabled dividends to be paid to The Hodge Foundation, a charity supporting welfare, medical, academic and religious causes which owns 79% of the Hodge group.

By helping its customers to achieve their goals and being successful in its own right, the group assists the Foundation in meeting its charitable objectives.

1st March 2017

Respected City economist Roger Bootle to give annual Julian Hodge lecture

Roger Bootle

Roger Bootle

One of the City of London’s best-known economists, Roger Bootle will be the guest speaker at this year’s Julian Hodge Institute of Applied Macroeconomics annual lecture.

As the UK continues to digest the potential ramifications of Brexit, Mr Bootle will look across the Channel at the broader issues affecting our near neighbours in his lecture entitled “The Future of Europe”.

Roger Bootle is the founder and chairman of Capital Economics, one of the world’s largest economics consultancies. He is also an Honorary Fellow of the Institute of Actuaries and a Specialist Adviser to the House of Commons Treasury Committee. Roger is a regular columnist for The Daily Telegraph.

Roger has written several books, including his widely acclaimed latest, The Trouble with Europe, which examines how the EU needs to be reformed and what could take its place if it fails to change. It follows The Trouble with Markets, Money for Nothing and the prophetic The Death of Inflation, published in 1996. In July 2012 Roger and a team from Capital Economics won the Wolfson Prize.

The Julian Hodge Institute of Applied Macroeconomics was established 17 years ago in association with Cardiff Business School. Its aim is to carry out research into the UK economy and the UK’s relationship with other European economies. Its director is Professor Patrick Minford of Cardiff Business School, who is also the economic adviser to the Hodge group.

This year’s lecture takes place in Cardiff on 10th May.