AGM Statement

RNS Number : 4124X

Arbuthnot Banking Group PLC

05 May 2016

 

5 May 2016

ARBUTHNOT BANKING GROUP PLC

Annual General Meeting Statement 2016

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 5 May 2016.

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

"The Group has had a good start to the year with overall lending volumes higher than last year and at the end of the first quarter, customer loan balances have increased by more than 30% compared to the prior year.

"The completion of the sale of Everyday Loans on 13 April 2016 has generated a substantial profit which has further strengthened the Group's capital and liquidity resources.

"The Group will continue to invest these resources in its on-going businesses and we remain confident of making good progress during the remainder of the year."

-ENDS-

Note Secure Trust Bank PLC issued its AGM statement on 4 May 2016 and this should be read in conjunction with this statement.

ENQUIRIES:

Arbuthnot Banking Group PLC
Sir Henry Angest, Chairman and Chief Executive	020 7012 2400
Andrew Salmon, Chief Operating Officer
James Cobb, Group Finance Director
David Marshall, Director of Communications
Canaccord Genuity Ltd (Nominated Advisor)
Sunil Duggal	020 7665 4500
Numis Securities Ltd (Broker)
Chris Wilkinson	020 7260 1000
Mark Lander
Bell Pottinger (Financial PR)
Ben Woodford	020 3772 2563
Zoe Pocock

 

END

 

 

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