StockMarketWire.com - Arbuthnot Banking continued to trade well in the fourth quarter and expects to report pre-tax profits in line with market forecasts.

In retail banking, Secure Trust Bank PLC saw growth in all of its lending portfolios. It also has announced positive developments in its retail finance business, which include the agreement of a new five year contract with the Association of Cycle Traders and the renewal of a term contract with Evans Cycles. It is also making good progress with its season ticket proposition for both sports fans and rail commuters.

In private banking, Arbuthnot Latham experienced strong growth in its lending portfolio as it continued to be offered attractive opportunities. The investment made by the business to strengthen its private banking capabilities was evident in the growth in assets under management, which increased by 10% in the fourth quarter.

The bank remains well capitalised and highly liquid.


At 8:32am:

[LON:ARBB] Arbuthnot Banking Group PLC share price was +0.5p at 1335.5p

[LON:STB] Secure Trust Bank PLC share price was +44.5p at 2854.5p



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