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DJ Hardman & Co Research: Arbuthnot Banking Group (ARBB): 2019 results - resilience into the storm

 
 Hardman & Co Research 
Hardman & Co Research: Arbuthnot Banking Group (ARBB): 2019 results - 
resilience into the storm 
 
06-Apr-2020 / 11:45 GMT/BST 
 
       Hardman & Co Research: 2019 results: resilience into the storm 
 
    To be resilient in an economic storm, a bank needs three things - low risk 
  assets, strong capital and surplus deposits. ABG has all three. At end-2019, 
   55% of loans were in the private bank (significantly secured on sub-60% LTV 
       residential properties) or the acquired mortgage book. Just 1.5% of the 
   commercial loan book was on 80%+ LTV. The equity-to-assets ratio was 8% and 
  total capital ratio, 17.3%. The regulators have reduced capital buffers - we 
      estimate ABG has ca.GBP60m of surplus capital. There is surplus liquidity: 
        deposits GBP2.1bn, loans GBP1.6bn. ABG announced an increased dividend but 
              withdrew it following PRA market guidance. 
 
              Please click on the link below to read the full report: 
 
https://www.hardmanandco.com/research/corporate-research/2019-results-resilien 
ce-into-the-storm/ [1] 
 
If you are interested in meeting the company, you can register your interest 
by clicking on the above link 
 
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Hardman & Co                Mark Thomas      mt@hardmanandco.com 
35 New Broad Street 
London                      +44 20 7194 7622 
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www.hardmanandco.com 
 
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End of Announcement - EQS News Service 
 
1016155 06-Apr-2020 
 
 
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(END) Dow Jones Newswires

April 06, 2020 06:45 ET (10:45 GMT)