Arbuthnot Banking Group comprises of Arbuthnot Latham & Co., Limited and Secure Trust Bank PLC.

Arbuthnot Latham & Co.

Arbuthnot Latham is the inclusive private bank that offers a carefully crafted expert private banking and 'whole of market' wealth planning and discretionary investment management service. Clients receive a bespoke service from a team of people that have the expertise, experience and autonomy needed to provide it.

Banking is handled by your Private Banker, an experienced individual who is responsible for all your dealings within the bank. Providing a complete range of bank accounts, loans, overdrafts and foreign trade, designed to be easy and convenient.

The Wealth Planning team provide clear and objective advice, whilst establishing flexible strategies in collaboration with clients' professional advisers. Qualified advisers cover such things as; Wealth structuring, Tax mitigation, Estate preservation and Retirement planning.

Our highly-personalised discretionary investment management service offers an unrestricted range of asset classes which allows a unique tailored approach. A scientific assessment of your needs and attitude to risk via our sophisticated Risk Tolerance Questionnaire allows for the optimal return for the risk taken.

Secure Trust Bank PLC

Secure Trust Bank's principal activity is retail banking. The bank services its customers via the internet, call centres and selected business partners.

Secure Trust Bank is a longstanding established UK bank. Its core business is to provide banking services including solutions and saving products. The Company, which was incorporated in 1954, operates from its head office in Solihull, West Midlands.

The Company successfully listed on AIM on 2 November 2011 and the market capitalisation has increased over 400% since the IPO. It has been a subsidiary of Arbuthnot Latham & Co., Limited since 1976 and a subsidiary of Arbuthnot Banking Group Plc since 1985. Arbuthnot Banking Group Plc owns a 51.9% shareholding in the Company.

The Company's diversified lending portfolio focuses on asset finance, invoice finance, motor finance, unsecured personal loans, real estate finance and retail point of sale finance. Its lending activities are funded by customer deposits, with minimal exposure to interbank and wholesale funding.

Secure Trust Bank Plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.




http://www.arbuthnotgroup.com/

Interim Results
RNS
RNS Number : 5676T
Arbuthnot Banking Group PLC
21 July 2015



ARBUTHNOT BANKING GROUP ("Arbuthnot", "the Group" or "ABG")

Results for the six months to 30 June 2015

"Profitable Growth"



Arbuthnot Banking Group is pleased to announce a half yearly profit before tax of £15.7m, an increase of 65% compared to the same period last year.



Both banks have continued to grow well and invest for the future.



Arbuthnot Banking Group PLC is the holding company for Arbuthnot Latham & Co., Limited and Secure Trust Bank PLC.



FINANCIAL HIGHLIGHTS

· Profit before tax an increase of 65% to £15.7m (H1 2014: £9.5m)

· Underlying profit before tax an increase of 30% to £17.1m (H1 2014: £13.2m)

· Customer loans £1.4bn (H1 2014: £842m)

· Customer deposits £1.6bn (H1 2014: £1.1bn)

· Interim dividend per share 12p (H1 2014: 11p)



OPERATIONAL HIGHLIGHTS



Private Banking - Arbuthnot Latham

· Profit before tax an increase of 111% to £3.7m (H1 2014: £1.7m)

· Customer loans £584m (H1 2014: £394m)

· Customer deposits £770m (H1 2014: £589m)

· Assets Under Management £701m (H1 2014: £566m)



Retail Banking - Secure Trust Bank

· Profit before tax an increase of 40% to £16.1m (H1 2014: £11.5m)

· Customer loans £852m (H1 2014: £448m)

· Customer deposits £835m (H1 2014: £477m)



Commenting on the results, Sir Henry Angest, Chairman and Chief Executive of Arbuthnot, said: "The Group has continued its profitable growth and as a result the Board has decided to increase the interim dividend. Both banks have detected an improvement in customer sentiment following the decisive result of the general election."



The interim results and presentation are available at http://www.arbuthnotgroup.com.



Secure Trust Bank PLC is today releasing its interim statement and it should be read in conjunction with these results.



Footnote - Underlying Profit before tax, adjusted for Secure Trust Bank share option scheme costs of £0.3m and acquisition accounting adjustments of £1m and Arbuthnot Latham transformation project costs of £0.2m.

A buy in this weeks IC . Arbuthnot Banking presents something of a valuation anomaly . Its market capitalisation is worth significantly less than the £276m market value of its 52% stake in its listed subsidiary, Challenger bank Secure Trust (STB)

Third quarter trading update