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9 May 2012 15:33
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For Immediate Release
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PRESS RELEASE 9th May 2012
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Β SECURE TRUST BANK PLC
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AGM Statement
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The Board of Secure Trust Bank PLC (the "Bank") announces that shareholders approved all the resolutions proposed at the Annual General Meeting of the Bank held today, Wednesday 9 May 2012.
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At the meeting Henry Angest, Chairman made the following statement:
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"In the first four months of the year, the Bank has written increasingly high levels of organic new lending. In assessing new business, management adhere to their strict lending criteria and continue to manage customer margins carefully. This new lending is lowering the excess liquidity that was carried over from the year end.
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"The new internet banking platform went live on 30th April 2012 and the initial reaction has been positive.
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"The Bank is continuing actively to work on a pipeline of significant business development opportunities. As always, management exercises prudent judgement in assessing these opportunities, particularly taking into account the current economic environment."
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Enquiries:
Secure Trust Bank PLC
Henry Angest, Non Executive Chairman Tel: 020 7012 2400
Andrew Salmon, Non Executive Director
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Paul Lynam, Chief Executive Tel: 0121 693 9100
Neeraj Kapur, Finance Director
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David Marshall, Director of Communications Tel: 020 7012 2400
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Canaccord Genuity Hawkpoint Limited (Nominated Adviser) Tel: 020 7665 4500
Lawrence Guthrie
Sunil Duggal
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Canaccord Genuity Limited (Broker) Tel: 020 7523 8000
Roger Lambert
Lucy Tilley
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Pelham Bell Pottinger Tel: 020 7861 3232
Ben Woodford
Dan de Belder
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