AGM Statement

RNS Number : 8114L

Arbuthnot Banking Group PLC

12 May 2010

 



PRESS RELEASE

Arbuthnot Banking Group PLC

AGM Statement

The Board of Arbuthnot Banking Group PLC announces that today, 12 May 2010, shareholders approved all resolutions proposed at the Annual General Meeting of Arbuthnot Banking Group PLC.

At the Annual General Meeting this afternoon, Henry Angest, Chairman and Chief Executive of the Group, made the following statement:

"Trading in the first four months of 2010 has been in line with expectations for the year to date and ahead of the performance in the corresponding period of 2009.  In accordance with our prudent banking philosophy, both of our banks, Arbuthnot Latham and Secure Trust Bank, remain highly liquid and well capitalised.  We continue to see good lending opportunities in both businesses.  Arbuthnot Securities is trading profitably in 2010 despite the IPO market remaining difficult and is making good progress in developing the secondary side of the business.

Despite the outcome of the election, we still face uncertainty in what remains a fragile financial market; and so it is appropriate to be even more cautious than usual in making forward-looking statements.  With that caveat, we remain positive on the outlook for the remainder of 2010."

Enquiries:

Arbuthnot Banking Group	Tel. No.: 020 7012 2400
Henry Angest, Chairman & Chief Executive
Andrew Salmon, Chief Operating Officer
James Cobb, Group Finance Director
Pelham Bell Pottinger
Polly Fergusson	Tel. No.: 020 7337 1519 07775 851562
Zoë Pocock	Tel No.: 020 7337 1532 07595 106859

 

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