AGM Statement

RNS Number : 4946D

Arbuthnot Banking Group PLC

16 May 2012

 



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: [phone]
Henry Angest, Chairman and Chief Executive
Andrew Salmon, Chief Operating Officer
James Cobb, Group Finance Director
David Marshall, Director of Communications	Tel: [phone]
Canaccord Genuity Hawkpoint Limited (Nominated Adviser)	Tel: [phone]
Lawrence Guthrie
Sunil Duggal
Numis Securities Limited (Broker)	Tel: [phone]
Christopher Wilkinson
Mark Lander
Pelham Bell Pottinger	Tel: [phone]
Ben Woodford
Dan de Belder

 

END

 

 

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