Fairbairn Private Bank says it is still managing strong growth despite the current economic downturn.

The bank says although 2009 looks set to be a tough year, in the last seven years it has seen its profits grow by 15 per cent and the company has effectively doubled in size since it re-branded four years ago.

Managing director Greg Horton says because of dramatic falls in interest rates this year, the company looks set to see falling income, but he still expects strong profitability and client growth.

Fairbairn Private Bank has been nominated for both Best International Bank Group and Best International Wealth Manager in this year’s International Investment Fund and Product Awards, which are due to be held in London later this month.