16th Jan 2014 11:59
LONDON (Alliance News) - Arbuthnot Banking Group PLC said Thursday that it anticipates pretax profits in line with expectations as it continued to trade well in the fourth quarter.
In its Retail Banking division, its Secure Trust Bank saw growth in all of its lending portfolio. In a separate statement Thursday Secure Trust Bank said that it had seen strong demand for its deposit products.
In Private banking, Arbuthnot Latham also saw strong growth in its lending portfolio. Arbuthnot said its investment in strengthening its private banking capability had been shown in the 10% growth in assets under management during the fourth quarter.
Shares In Artbuthnot were trading down 0.9%, or 12.08 pence, at 1,322.92 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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