The key message from the 3Q’19 trading statement was of continued strong franchise growth (loans +33% to £1.6bn, deposits +17% to £2bn). The Private Bank has been adding ca.40 clients per month, although it takes time to generate revenue growth from them. Arbuthnot Direct has raised £85m of depositssince August, and other new business areas have shown strong grown (Renaissance Asset Finance loans £101m, +22%, Asset Based Lending £106m). There have been a li
18 Oct 2019
3Q19: loans +33%, deposits +17%, investment rising
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3Q19: loans +33%, deposits +17%, investment rising
Arbuthnot Banking Group PLC (ARBB:LON) | 1,025 -25.6 (-0.2%) | Mkt Cap: 167.5m
- Published:
18 Oct 2019 -
Author:
Mark Thomas -
Pages:
8
The key message from the 3Q’19 trading statement was of continued strong franchise growth (loans +33% to £1.6bn, deposits +17% to £2bn). The Private Bank has been adding ca.40 clients per month, although it takes time to generate revenue growth from them. Arbuthnot Direct has raised £85m of depositssince August, and other new business areas have shown strong grown (Renaissance Asset Finance loans £101m, +22%, Asset Based Lending £106m). There have been a li