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Market Cap: £138.72m
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AGM Statement

16 May 2012 16:00

RNS Number : 4946D
Arbuthnot Banking Group PLC
16 May 2012
 



For Immediate Release

16 May 2012

 

PRESS RELEASE

 

 

 

 

ARBUTHNOT BANKING GROUP PLC

 

 

AGM Statement

 

 

The Board of Arbuthnot Banking Group PLC (the "Group") announces that shareholders approved all the resolutions proposed at the Annual General Meeting held today, Wednesday 16 May 2012.

 

At the meeting Henry Angest, Chairman made the following statement:

 

"In the first four months of the year, the Group has continued to trade strongly.

 

Secure Trust Bank has written good levels of organic new lending. At the same time the management has continued to manage customer margins carefully. The new lending is lowering the excess liquidity that it carried over from the year end.

 

Arbuthnot Latham has made steady progress overall. It remains well positioned to take advantage of the opportunities that continue to present themselves.

 

The outlook for the Group remains positive. Both Banks continue to execute their stated strategies while remaining cautious and mindful of the current economic environment."

 

 

Enquiries:

Arbuthnot Banking Group PLC

Tel: 020 7012 2400

Henry Angest, Chairman and Chief Executive

 

Andrew Salmon, Chief Operating Officer

 

James Cobb, Group Finance Director

 

 

 

David Marshall, Director of Communications

Tel: 020 7012 2400

 

 

 

 

Canaccord Genuity Hawkpoint Limited (Nominated Adviser)

Tel: 020 7665 4500

Lawrence Guthrie

 

Sunil Duggal

 

 

 

Numis Securities Limited (Broker)

Tel: 020 7260 1000

Christopher Wilkinson

 

Mark Lander

 

 

 

Pelham Bell Pottinger

Tel: 020 7861 3232

Ben Woodford

 

Dan de Belder

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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