AGM Statement

RNS Number : 7153N

Arbuthnot Banking Group PLC

10 May 2018

 

10 May 2018

Arbuthnot Banking Group PLC

Annual General Meeting Statement - 2018

The Board of Arbuthnot Banking Group PLC ("ABG" or "the Group") announces that shareholders approved all the resolutions proposed at the Annual General Meeting held today Thursday, 10 May 2018.

At the meeting the Chairman, Sir Henry Angest, made the following statement:

"The Group has had a good start to the year with Customer Loans and Deposits at the end of April increasing 18% and 37% respectively compared to the same time last year.

In line with the Group's strategy of diversifying the lending businesses, our Asset Based Lending division is now open for business and funded its first client loan last Friday, almost two months ahead of schedule.

Overall the Group has continued to grow and despite seeing increased competition in the private banking lending market, we expect to make further progress during the rest of the year."

Enquiries:

Arbuthnot Banking Group

0207 012 2400

Sir Henry Angest, Chairman and Chief Executive

Andrew Salmon, Group Chief Operating Officer

James Cobb, Group Finance Director

Stifel Nicolaus Europe Ltd trading as KBW (Nomad and Joint Broker)

0207 710 7600

Robin Mann

Gareth Hunt

Stewart Wallace

Numis Securities Ltd (Joint Broker)

0207 260 1000

Chris Wilkinson

Maitland

Sam Cartwright

020 7379 5151

 

END

 

 

AGMAMMITMBTBBJP