13 Jan 2011 07:00
Arbuthnot Banking Group
Pre-Close Trading Update
Arbuthnot Banking Group today releases a pre-close trading update ahead of its Preliminary Results for the year ended 31 December 2010, which will be announced on 17 March 2011.
Trading in all of our businesses in the second half of 2010 was satisfactory and as a result the Group expects to report pre-tax profits for the full year broadly in line with market expectations.
Secure Trust Bank continues to achieve good lending growth. Arbuthnot Latham is making progress in both its private banking and its wealth management businesses. Both banks are well positioned to benefit from favourablemarket conditions for lending in 2011.
Arbuthnot Securities finished the year strongly and will record a profit for 2010. It enters 2011 with a good pipeline of corporate transactions.
ENQUIRIES:
Arbuthnot Banking Group | 020 7012 2400 |
Henry Angest, Chairman and Chief Executive | |
Andrew Salmon, Chief Operating Officer | |
James Cobb, Group Finance Director | |
Hawkpoint Partners Ltd (Nominated Advisor) | 020 7665 4500 |
Lawrence Guthrie | |
Sunil Duggal | |
Numis Securities Ltd (Broker) | 020 7260 1000 |
Chris Wilkinson | |
Mark Lander | |
Pelham Bell Pottinger (Financial PR) | 020 7861 3881 |
Ben Woodford | |
Dan de Belder | |
Zoë Pocock |
Arbuthnot (ARBB)