StockMarketWire.com - Arbuthnot Banking Group remains confident of making good progress during the rest of the year, chairman Sir Henry Angest told shareholders at the annual general meeting today.
He said: "The hroup has had a good start to the year with overall lending volumes higher than last year and at the end of the first quarter, customer loan balances have increased by more than 30% compared to the prior year. "The completion of the sale of Everyday Loans on 13 April 2016 has generated a substantial profit which has further strengthened the Group's capital and liquidity resources. "The group will continue to invest these resources in its on-going businesses and we remain confident of making good progress during the remainder of the year."
All resolutions proposed at the AGM were passed.
At 3:42pm:
[LON:ARBB] Arbuthnot Banking Group PLC share price was +34p at 1504p
[LON:STB] Secure Trust Bank PLC share price was -13p at 2812p
Story provided by StockMarketWire.com
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