We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Arbuthnot Banking Group Plc | LSE:ARBB | London | Ordinary Share | GB0007922338 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1,070.00 | 1,040.00 | 1,110.00 | 1,113 | 08:00:10 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Commercial Banks, Nec | 181.44M | 35.38M | 2.1678 | 4.94 | 174.62M |
From Apr 2019 to Apr 2024
TIDMARBB
RNS Number : 6465Q
Arbuthnot Banking Group PLC
21 February 2019
21 February 2019
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 2018 which is scheduled for 28 March 2019.
The Group continued to make good progress in the fourth quarter of 2018 and as a result expects to announce underlying full year pre-tax profits in line with market expectations.
Additionally, the results will include a one-off adjustment reducing the anticipated liability related to the management team earn out for the acquisition of Renaissance Asset Finance ("RAF"). The adjustment is expected to be approximately GBP2.5m and will therefore increase the reported pre-tax profits accordingly. Regardless of the adjustment RAF continues to trade well and has seen its customer loan balances increase by 21% during the year.
The Group's other new ventures are also making good progress. Arbuthnot Commercial Asset Based Lending division ended the year with drawn balances of GBP25m and issued facilities of GBP43m, having made its first loan in May 2018.
The Arbuthnot Specialist Lending business, which will focus on providing short-term secured lending solutions to professional property businesses and entrepreneurs, is currently undertaking a soft launch and has had Credit Committee approval for its first customer loan.
Arbuthnot Direct Deposit platform went live this week following a successful pilot. This will enable our clients to access our deposit products via this new internet platform with rates advertised on "best buy" tables.
Thus the Group continues to grow and diversify its revenue and funding sources following the sale of its majority investment in Secure Trust Bank.
Enquiries:
Arbuthnot Banking Group 0207 012 2400
Sir Henry Angest, Chairman and Chief Executive
Andrew Salmon, Group Chief Operating Officer
James Cobb, Group Finance Director
Stifel Nicolaus Europe Ltd trading as KBW (Nomad and Joint Broker) 0207 710 7600
Robin Mann
Gareth Hunt
Stewart Wallace
Numis Securities Ltd (Joint Broker) 0207 260 1000
Stephen Westgate
Maitland
Sam Cartwright Jais Mehaji 020 7379 5151
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
TSTCKKDBQBKDFBB
(END) Dow Jones Newswires
February 21, 2019 02:00 ET (07:00 GMT)
1 Year Arbuthnot Banking Chart |
1 Month Arbuthnot Banking Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
