The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksArbuthnot Regulatory News (ARBB)

Share Price Information for Arbuthnot (ARBB)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 990.00
Bid: 990.00
Ask: 1,060.00
Change: 0.00 (0.00%)
Spread: 70.00 (7.071%)
Open: 990.00
High: 990.00
Low: 990.00
Prev. Close: 1,025.00
ARBB Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Update on Q3 trading

11 Oct 2013 07:00

RNS Number : 2534Q
Secure Trust Bank PLC
11 October 2013
 



For Immediate Release

11 October 2013

 

 

Secure Trust Bank PLC

 

Update on Q3 trading

 

Secure Trust Bank PLC ("STB" or "Secure Trust Bank") traded well during the quarter ending 30 September 2013. Demand for lending and deposit products remained strong. For the second successive summer, cycle finance has seen increased new business levels. The bank continues to enjoy favourable funding conditions and has raised additional five year fixed rate deposit funding during this period to mitigate the potential impact of interest rates rising sooner than some commentators expect.

 

Secure Trust Bank has made significant progress with the development of its plans for the SME lending market. We will invest to develop our business initially in two areas - asset based lending, specifically the Invoice Finance market, and property.

 

Clear opportunities to compete effectively in the Invoice Finance market have been identified and the Directors believe these opportunities will increase as the larger banks seeking to improve their capital efficiency will encourage borrowers currently using overdrafts to use alternative funding products thus increasing demand for invoice finance and asset based lending. To that end we have recruited a Managing Director and Chief Operating Officer who will build our new business in this area - Secure Trust Bank Invoice Finance (STB IF). This business, which will leverage the existing STB Group infrastructure, will deliver an outstanding service to businesses typically operating with up to £5 million of turnover and in need of cashflow funding. The incoming executives are well respected and experienced professionals, with 33 years of combined experience in this segment of the industry. The COO joins us on 4th November 2013 and we expect to begin writing new business in H1 2014. We believe the property market continues to be underserved as some of the larger banks deal with legacy real estate portfolios and we believe there remain selective good opportunities. Our interest is in both investment and development, predominately commercial in composition.

 

Secure Trust Bank is encouraged by the on-going public acknowledgement that more needs to be done to foster competition in UK Banking and welcomed the Government's announcement on Wednesday 9 October which read HM Treasury today announces the creation of a new, utilities-style regulator charged with increasing competition in the payments sector. The government is determined to empower smaller firms to challenge the big banks to deliver real benefits for each and every user of financial services. Secure Trust Bank's Chief Executive Officer, Paul Lynam, is now chairing the Challenger Banks panel for the British Bankers Association. The panel members are using this forum to further the case for greater action by Government to create a truly level playing field for all banks, regardless of scale.

 

As it progresses its stated strategy Secure Trust Bank continues to invest in product innovation in its existing businesses in addition to working on a diverse pipeline of organic and external business opportunities.

An investor presentation will be available on the Secure Trust Bank website www.securetrustbank.com/general/results-presentations on 14 October 2013. No new material trading or financial information will be disclosed in this presentation.

Enquiries:

 

Secure Trust Bank PLC

Henry Angest, Non-Executive Chairman

Andrew Salmon, Non-Executive Director

 

Tel: 020 7012 2400

 

Paul Lynam, Chief Executive Officer

Neeraj Kapur, Chief Financial Officer

 

Tel: 0121 693 9100

 

David Marshall, Director of Communications

Tel: 020 7012 2400

 

Canaccord Genuity Limited (Nominated Adviser)

Lawrence Guthrie

Sunil Duggal

 

Tel: 020 7665 4500

Canaccord Genuity Limited (Broker)

Roger Lambert

Lucy Tilley

 

Tel: 020 7523 8000

Bell Pottinger

Ben Woodford

Dan de Belder

Tel: 020 7861 3232

 

 

 

 

 

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTZMMMGKGRGFZM
Date   Source Headline
22nd Apr 20243:49 pmEQSQ&A on Arbuthnot Banking Group (ARBB) | 2023 results, strategic choices paying dividends
8th Apr 20243:50 pmEQSHardman & Co Research on Arbuthnot Banking Group (ARBB): 2023 - delivering strategy with strong profit growth
28th Mar 20247:00 amRNSAudited Final Results
21st Feb 20247:00 amRNSPre Close Trading Update
8th Feb 20241:57 pmRNSDirector/PDMR Shareholding
19th Dec 20232:06 pmRNSRenewal of Tier 2 Regulatory Capital Loan facility
5th Dec 202312:47 pmRNSDirector/PDMR Shareholding
13th Nov 20233:40 pmEQSHardman & Co Q&A on Arbuthnot Banking Group: Strategic progress and investments towards ‘Future State 2’
30th Oct 202310:34 amRNSDirector/PDMR Shareholding
26th Oct 202310:05 amRNSDirector/PDMR Shareholding
24th Oct 20233:15 pmEQSHardman & Co Research on Arbuthnot Banking Group (ARBB) Trading update: taking ABG to the next level
19th Oct 20237:00 amRNSThird Quarter 2023 Trading Update
22nd Aug 20237:00 amRNSAppointment of New Directors
4th Aug 202311:15 amEQSHardman & Co Research on Arbuthnot Banking Group (ARBB) 1H’23: steering through the interest rate wave
18th Jul 20237:00 amRNSUnaudited results for the 6 months to 30 June 2023
31st May 202312:37 pmRNSDirector/PDMR Shareholding
31st May 20237:00 amRNSTotal Voting Rights
24th May 20233:23 pmRNSAnnual General Meeting Result - 2023
24th May 20237:00 amRNSAnnual General Meeting 2023 Trading Update
5th May 20233:27 pmRNSHolding(s) in Company
5th May 20238:05 amRNSDirector/PDMR Shareholding
4th May 202311:32 amRNSResult of General Meeting and Total Voting Rights
3rd May 20231:45 pmEQSHardman & Co Q&A on Arbuthnot Banking Group (ARBB): Core and new franchises growth in profits and loans
14th Apr 20235:30 pmRNSPlacing and Subscription raising £12.0 million
6th Apr 202312:15 pmEQSHardman & Co Research on Arbuthnot Banking Group (ARBB) 2022: profits and growth in core and new franchises
30th Mar 20237:00 amRNSAudited Final Results for the year to 31 Dec 2022
23rd Feb 20237:00 amRNSPre Close Trading Update
16th Jan 202311:25 amRNSHolding(s) in Company
6th Jan 20232:52 pmRNSHolding(s) in Company
3rd Nov 202211:00 amEQSHardman & Co - Q&A on Arbuthnot Banking Group (ARBB): More upgrades from latest trading statement
14th Oct 20227:00 amRNSDirector/PDMR Shareholding
13th Oct 20222:42 pmRNSSale of long leasehold property
12th Oct 202212:40 pmEQSHardman & Co Research: Arbuthnot Banking Group (ARBB): 3Q’22 trading statement – yet another upgrade
7th Oct 20227:00 amRNSDirector/PDMR Shareholding
5th Oct 20227:00 amRNSThird Quarter 2022 Trading Update
16th Aug 20229:14 amEQSHardman & Co: Q&A on Arbuthnot Banking Group Plc (ARBB): Relationship banking benefits when interest rates rise
11th Aug 20221:50 pmEQSHardman & Co Research : Pantheon International Plc (PIN): FY’22 results: it is not just lionesses that roar
1st Aug 20227:00 amRNSDirectorate Changes
22nd Jul 202210:50 amEQSHardman & Co Research : Arbuthnot Banking Group (ARBB): The power ranger of relationship deposit banking
20th Jul 20225:19 pmRNSSale of long leasehold property
19th Jul 20227:00 amRNSHalf-year Report
6th Jul 20221:46 pmRNSChange to Sole Corporate Broker
25th May 20223:11 pmRNSResult of AGM
25th May 20221:13 pmRNSAnnual General Meeting 2022 and Trading Update
7th Apr 20223:50 pmEQSHardman & Co Research: Arbuthnot Banking Group (ARBB): Back to profitable growth with interest-rate kicker
24th Mar 20227:00 amRNSFinal Results
22nd Mar 202211:18 amRNSHolding(s) in Company
22nd Mar 20227:00 amRNSHolding in Company
16th Mar 20225:18 pmRNSHolding(s) in Company
16th Feb 20227:00 amRNSPre Close Trading Update

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.