British lender Virgin Money Holdings said its full-year underlying pretax profit rose 53%, helped by growth in its core mortgages, savings and credit card businesses which outpaced the market.
The bank, which listed on London's main market in 2014, said it would increase credit card balances to at least £3 billion by the end of 2017, a year earlier than it anticipated.
Credit card balances rose 44% to £1.6 billion during 2015, the bank said.
Underlying pretax profit rose to £160.3mfor the year ended December 31 from £104.8m a year earlier.
Virgin Money, which is one of the bigger "challenger" banks in Britain, said gross mortgage lending rose 29%to £7.5 billion in the year. The British housing market had been buoyant in 2015.
The bank recommended a final dividend of 3.1 pence per share, taking the total for the year to 4.5 pence per share.
Virgin Money said it was aware of the risks related to the impending UK referendum on EU membership, the uncertain outlook on interest rates, and the recent market turbulence caused by the slowdown in emerging markets and falling commodity prices.
Britain will hold a referendum on its EU membership on June 23 and the possibility of "Brexit" has kept the sterling near a seven-year low against the dollar.
The bank's chief executive Jayne-Anne Gadhia said the bank was aligned with UK economy.
She said that if Britain was to stay in or exit the EU, Virgin Money would perform based on the impact a potential Brexit would have on the UK economy as a whole.
Gadhia, the first female CEO of a listed British bank, added that if there was to be a "Brexit", the issue would be the likelihood of increased prices in consumer finance, mortgages and credit, and therefore financial products because of the uncertainty in the market and the potential impact on sterling.
"I would see that prices would probably increase and we would follow the market in pricing accordingly," she said.
