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LONDON (Alliance News) - Arbuthnot Banking Group PLC's customer loan balances finished the first quarter of 2015 higher, according to Chairman Henry Angest on Thursday.
"Again the group has started the year well. Both banks have traded robustly and have delivered strong growth in lending volumes. Overall, customer loan balances finished the first quarter in excess of 60% higher than the previous year," Angest said in a statement.
"In accordance with our conservative management of the balance sheet, both banks remain well funded and capitalised. The group will continue to develop its business in a prudent fashion and is well positioned to make further progress during the year," the chairman said.
Arbuthnot owns 51.92% of Secure Trust Bank PLC.
Arbuthnot shares were up 2.5% at 1,554.85 pence on Thursday.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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