- Arbuthnot Banking's pre-tax profits rose by 25% to £15.7m in the year to the end of December.

The group said it made significant progress during the year as it continued to realise its ambitions to grow.

Underlying profits rose to £18.6m (2012: £11.6m) and operating Income exceeded £100m for the first time (2012: £65.6m).

Arbuthnot Latham - the private banking arm - posted pre-tax profits of £7.7m - up from £2.1m - and Secure Trust Bank, the retail business, posted pre-tax profits of £17.2m compared with £17.3m last time.

Chairman and chief executive Henry Angest said: "This has been another significant year. Both banks have made good progress. We have substantially increased the net assets of the group and at the same time been able to pay shareholders a special dividend."

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