Arbuthnot Banking Group PLC Pre Close Trading Update (8271Q)

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RNS Number : 8271Q

Arbuthnot Banking Group PLC

23 February 2023

FOR IMMEDIATE RELEASE

23 February 2023

Arbuthnot Banking Group PLC

Pre Close Trading Update

Arbuthnot Banking Group PLC ("Arbuthnot" or "the Group") today issues a pre close trading update ahead of its final results announcement for the year ended 31 December 2022, which is scheduled for 30 March 2023.

The Group continued to trade well in the fourth quarter of 2022. Having invested in and developed a business model designed for higher interest rates the Bank has benefitted from further rises in the Bank of England base rate. Accordingly, the Group therefore expects to report pre-tax profits ahead of consensus market expectations which the Group believes currently stand at GBP17.3m.

Enquiries:

 
 Arbuthnot Banking Group                           020 7012 2400 
 Sir Henry Angest, Chairman and Chief Executive 
 Andrew Salmon, Group Chief Operating Officer 
 James Cobb, Group Finance Director 
 
 Grant Thornton UK LLP (Nominated Adviser and 
  AQSE Corporate Adviser)                          020 7383 5100 
 Colin Aaronson 
 Samantha Harrison 
 George Grainger 
 Ciara Donnelly 
 
 
 Shore Capital (Broker)                            020 7408 4090 
 Daniel Bush 
 David Coaten 
 Tom Knibbs 
 
 H/Advisors Maitland (Financial PR)                020 7379 5151 
 Sam Cartwright 
 
 

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February 23, 2023 02:00 ET (07:00 GMT)