Oct 13 (Reuters) - Arbuthnot Banking Group Plc warned on Thursday the net interest margin at its commercialbanking unit would fall in the short term due to the Bank ofEngland's base rate cut following Britain's vote to leave theEuropean Union in June.
It said it had sped up plans to expand its commercial unitto cover the North West region, as disruptions at Britain'slarger banks, which are cutting costs and jobs, had led a numberof experienced bankers to join the firm, which has its roots in183-year-old private bank and wealth manager Arbuthnot Latham. (Reporting by Esha Vaish and Noor Zainab Hussain in Bengaluru;Editing by Alexander Smith)
Arbuthnot (ARBB)
