Annual General Meeting Statement - 2017

RNS Number : 2394E

Arbuthnot Banking Group PLC

04 May 2017

 

PRESS RELEASE

For immediate Release

4 May 2017

Arbuthnot Banking Group PLC

Annual General Meeting Statement - 2017

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 4 May 2017.

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

"The Group has had a good start to the year, and as already announced Arbuthnot Latham completed the acquisition of Renaissance Asset Finance on 28 April.

Lending balances are more than 36% higher than the previous year and are 16% higher than at the year end.

Customer Deposits for Arbuthnot Latham have increased beyond £1bn for the first time and now stand at £1.1bn.

The Group continues to grow its current businesses, while remaining open to further opportunities that may arise. We are confident of making good progress during the rest of the year."

-ENDS-

Enquiries:

Arbuthnot Banking Group Sir Henry Angest, Chairman and Chief Executive Andrew Salmon, Chief Operating Officer James Cobb, Group Finance Director	020 7012 2400
Stifel Nicolaus Europe Ltd trading as KBW (Nomad and Joint Broker) Robin Mann Gareth Hunt Stewart Wallace	0207 710 7600
Numis Securities Ltd (Joint Broker) Chris Wilkinson	0207 260 1000
Bell Pottinger (Financial PR) Sam Cartwright	0203 772 2588

 

END

 

 

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