20th Oct 2021 17:28
(Correcting percentage change for customer loans and assets to 24%)
Arbuthnot Banking Group PLC - London-based private and commercial lender - For three months ended September 30, customer loans and leased assets totals GBP1.97 billion, up 24% over the year to date from GBP1.59 billion at the end of December 2020.
Customer deposits increased 19% over the nine-month period to GBP2.81 billion from GBP2.37 billion.
In addition, assets under management increased 14% to GBP1.31 billion from GBP1.15 billion.
"The group is currently operating with strong levels of capital and liquidity, and along with a workforce that delivered high performance over the previous 18 months with no staff furloughed, means the group is positioned well to capitalise on opportunities across all of its businesses. As previously noted while profitability levels are being restored the group continues to be hampered by the record low interest rate environment, but despite this the group remains on course to meet market expectations in its full year results," Arbuthnot says.
Current stock price: 892.08 pence
Year-to-date change: up 15%
By Dayo Laniyan; [email protected]
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