Share Name Share Symbol Market Type
Arbuthnot Banking Ord GBP0.01 NEX:ARBB.GB NEX Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1,450.00p 1,400.00p 1,500.00p - - - 0 16:14:45

Arbuthnot Banking Group PLC Hardman & Co: 2017: capital deployed, adding value

04/04/2018 11:15am

RNS Non-Regulatory


Arbuthnot Banking Group PLC

04 April 2018

Hardman & Co: 2017: capital deployed, adding value

2017: capital deployed, adding value: ABG has a long track record of adding value. The partial sale of its Secure Trust Bank (STB) in 2016 saw significant capital generated, and ABG is now deploying this surplus to generate returns. Despite heavy investment, profits nearly doubled, with loans and deposits up over a third. Credit remains outstanding, with the secured nature of lending seeing 2H'17 impairments of just GBP51k on a GBP1bn loan book. The outlook is for further strong profit growth, more investment, and greater diversification by business line and risk exposure. The shares trading below NAV appears an anomaly, given ABG's track record and earnings growth outlook.

 To contact us:         Analysts: 
  Hardman & Co           Mark Thomas 
  35 New Broad Street    Telephone: +44 20 7194 7622 
  London                 Follow us on Twitter @HardmanandCo 
  EC2M 1NH

About Hardman & Co: For the past 20 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge. Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case.

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Our research is provided for the use of the professional investment community, market counterparties and sophisticated and high net worth investors as defined in the rules of the regulatory bodies. It is not intended to be made available to unsophisticated retail investors. Anyone who is unsure of their categorisation should consult their professional advisors. This research is neither an offer, nor a solicitation, to buy or sell any security. Please read the note for the full disclaimer.

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April 04, 2018 06:15 ET (10:15 GMT)

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