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Hardman & Co

ARBUTHNOT BANKING GROUP 3Q19 Trading statement: loans +33%, deposits +17%, investment rising

Arbuthnot Banking Group (LON: ARBB) are the topic of conversation when Hardman & Co Analyst Mark Thomas joins DirectorsTalk. Mark explains what was said in the October statement, how new business is beginning to pay off, credit quality and reduced 2020 estimates.

Commenting on the third quarter trading, Sir Henry Angest, Chairman and Chief Executive of Arbuthnot Banking Group said:

“The Group remains well positioned to continue its strategy of diversification of its lending and deposit raising capabilities and the deployment of the surplus capital. Our ability to maintain high levels of surplus liquidity has enabled us to take advantage of opportunities that present themselves over time, such as the acquisition of the mortgage portfolios. As a result of this and notwithstanding the current geo-political uncertainties, we remain confident of being able to continue to grow the businesses within the Group.”