AGM Statement

RNS Number : 0071D

Secure Trust Bank PLC

09 May 2012

 



                                                                                                                               For Immediate Release

PRESS RELEASE                                                                                                       9^th May 2012

 SECURE TRUST BANK PLC

AGM  Statement

The Board of Secure Trust Bank PLC (the "Bank") announces that shareholders approved all the resolutions proposed at the Annual General Meeting of the Bank held today, Wednesday 9 May 2012.

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

"In the first four months of the year, the Bank has written increasingly high levels of organic new lending.  In assessing new business, management adhere to their strict lending criteria and continue to manage customer margins carefully. This new lending is lowering the excess liquidity that was carried over from the year end.

"The new internet banking platform went live on 30th April 2012 and the initial reaction has been positive.

"The Bank is continuing actively to work on a pipeline of significant business development opportunities. As always, management exercises prudent judgement in assessing these opportunities, particularly taking into account the current economic environment."

Enquiries:

Secure Trust Bank PLC                                                       

Henry Angest, Non Executive Chairman                                                Tel:     [phone]

Andrew Salmon, Non Executive Director

Paul Lynam, Chief Executive                                                                 Tel:     [phone]

Neeraj Kapur, Finance Director

David Marshall, Director of Communications                                         Tel:     [phone]

Canaccord Genuity Hawkpoint Limited (Nominated Adviser)        Tel:     [phone]

Lawrence Guthrie

Sunil Duggal

Canaccord Genuity Limited (Broker)                                               Tel:     [phone]

Roger Lambert

Lucy Tilley

Pelham Bell Pottinger                                                                        Tel:     [phone]

Ben Woodford

Dan de Belder

 

END

 

 

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