ABG is seeing returns on its investments in retail banking (Secure Trust bank) and private banking (Arbuthnot Latham). In H115, the former delivered pre-tax profits of £16.1m (up 40% on H114) and the latter £3.7m (up 111% on H114). The group remains well-funded (customer deposits £1.6bn vs loans £1.4bn) and well capitalised. It continues to invest in new business opportunities, taking advantage of favourable market conditions.
31 Jul 2015
Growth and investment as promised
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Growth and investment as promised
Arbuthnot Banking Group PLC (ARBB:LON) | 1,080 0 0.0% | Mkt Cap: 176.5m
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31 Jul 2015 - Author:
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ABG is seeing returns on its investments in retail banking (Secure Trust bank) and private banking (Arbuthnot Latham). In H115, the former delivered pre-tax profits of £16.1m (up 40% on H114) and the latter £3.7m (up 111% on H114). The group remains well-funded (customer deposits £1.6bn vs loans £1.4bn) and well capitalised. It continues to invest in new business opportunities, taking advantage of favourable market conditions.