Arbuthnot Banking - Annual General Meeting Statement - 2017
RNS Number : 2394E
Arbuthnot Banking Group PLC
04 May 2017
 

PRESS RELEASE

For immediate Release

4 May 2017

Arbuthnot Banking Group PLC

Annual General Meeting Statement - 2017

 

The Board of Arbuthnot Banking Group PLC ("ABG" or "the Group") announces that shareholders approved all the resolutions proposed at the Annual General Meeting held today Thursday 4 May 2017.

 

At the meeting the Chairman, Sir Henry Angest, made the following statement:

 

"The Group has had a good start to the year, and as already announced Arbuthnot Latham completed the acquisition of Renaissance Asset Finance on 28 April.

 

Lending balances are more than 36% higher than the previous year and are 16% higher than at the year end.

 

Customer Deposits for Arbuthnot Latham have increased beyond £1bn for the first time and now stand at £1.1bn.

 

The Group continues to grow its current businesses, while remaining open to further opportunities that may arise. We are confident of making good progress during the rest of the year."

 

-ENDS-

 

Enquiries:

 

Arbuthnot Banking Group

Sir Henry Angest, Chairman and Chief Executive

Andrew Salmon, Chief Operating Officer

James Cobb, Group Finance Director

 

 

020 7012 2400

Stifel Nicolaus Europe Ltd trading as KBW (Nomad and Joint Broker)

Robin Mann

Gareth Hunt

Stewart Wallace

 

0207 710 7600

Numis Securities Ltd (Joint Broker)

Chris Wilkinson

 

0207 260 1000

Bell Pottinger (Financial PR)

Sam Cartwright

 

0203 772 2588

 


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