16 May 2012 16:00
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 |
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Andrew Salmon, Chief Operating Officer |
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James Cobb, Group 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 |
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Sunil Duggal |
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Numis Securities Limited (Broker) | Tel: 020 7260 1000 |
Christopher Wilkinson |
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Mark Lander |
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Pelham Bell Pottinger | Tel: 020 7861 3232 |
Ben Woodford |
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Dan de Belder |
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Arbuthnot (ARBB)
Secure Trust (STB)