- Arbuthnot Banking expects to report pre-tax profits for the year ended 31 December which are either in line or above market expectations.

The group said Secure Trust Bank PLC saw healthy growth in its lending portfolios, which resulted in the total loan book closing in excess of £600m. Its consumer lending was led by Retail Finance and Motor, with new volumes being materially higher than the prior year. In particular the Retail Finance business saw an increase of 600% of business written on 'Black Friday' compared to the same day in 2013.

STB has made significant progress in the development of its SME lending activities. It now provides Asset Finance, Invoice Finance and Real Estate Finance.

Conditions in the savings market remain favourable as the bank continues to see good inflows of deposits across its product offerings.

Arbuthnot Latham ("AL") continued to see strong growth in its core lending portfolio, which closed in excess of £400MN. This growth was supplemented by the purchase of the residential mortgage portfolio from the administrators of the Dunfermline Building Society, which was announced on 18 December 2014. This is the first step in further developing the market opportunities that exist for a well-funded and strongly capitalised bank such as Arbuthnot Latham.

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