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DJ Hardman & Co Research: Arbuthnot Banking Group (ARBB): 2018 results: growth and diversity

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 Hardman & Co Research 
Hardman & Co Research: Arbuthnot Banking Group (ARBB): 2018 results: growth 
and diversity 
30-Apr-2019 / 07:15 GMT/BST 
*Hardman & Co Research: 2018 results: growth and diversity* 
The 28 March results [1] showed the great progress made in profitably 
deploying the capital ABG generated from the partial sale of its stake in 
Secure Trust Bank (STB). Underlying EPS rose from 17.6p in 2017 to 40.3p, 
loans grew 17% to GBP1,225m, and deposits increased 23% to GBP1,714m. New 
businesses are diversifying income and credit risk. Commercial Banking 
reported a GBP2.5m profit (2017: GBP2.1m loss), Asset-Based Lending facilities 
totalled GBP43m at end-December, Specialist Finance got its first loan 
sanctioned in 2019, and Arbuthnot Direct is live. The group is well funded 
(loans 71% of deposits) and capital ratios are strong (Core Tier 1: 
15.9%).Please click here for the full report: [2] 
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End of Announcement - EQS News Service 
804967 30-Apr-2019 

(END) Dow Jones Newswires

April 30, 2019 02:15 ET (06:15 GMT)