AGM Statement

RNS Number : 2013S

Arbuthnot Banking Group PLC

13 May 2009

 



Arbuthnot Banking Group PLC

AGM Statement

The Board of Arbuthnot Banking Group PLC announces that today, 13 May 2009, shareholders approved all resolutions proposed at the Annual General Meeting of Arbuthnot Banking Group PLC.

At the Annual General Meeting this afternoon, Henry Angest, Chairman and Chief Executive of the Group, made the following statement on behalf of the Board:

'The Group has made a satisfactory start to 2009. Both of our banking businesses, Arbuthnot Latham and Secure Trust Bank, are trading profitably, remain highly liquid and are well capitalised. Both banks are seeing good lending opportunities and are continuing to attract deposits. Arbuthnot Securities traded satisfactorily considering the exceptionally difficult conditions in the first quarter. The business has made some high quality hires and has moved up to second place, by number of clients, in the most recent Hemscott AIM advisers ranking survey.  However, the volume of corporate transactions in the market continues to remain very low.

We are pleased to note that all three of our businesses continue to trade ahead of the corresponding period in 2008. We therefore remain cautiously optimistic for the remainder of 2009.'

Press Enquiries:

Arbuthnot Banking Group PLC	Tel: [phone]
Henry Angest, Chairman & Chief Executive
Andrew Salmon, Chief Operating Officer
James Cobb, Group Finance Director
Maitland	Tel: [phone]
Emma Burdett
Richard Farnsworth

 

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