The latest announcement is out from Arbuthnot Banking ( (GB:ARBB) ).
Arbuthnot Banking Group reported a profit before tax of £35.1m for 2024, down from £47.1m in 2023, due to increased interest expenses as deposit costs rose. Despite this, the company achieved significant growth in customer deposits, loans, and funds under management, with a notable 30% increase in its Wealth Management division. The group also opened a new head office, enhancing operational collaboration and energy. The strategic progress aligns with its ‘Future State 2’ plan, positioning Arbuthnot for future opportunities.
More about Arbuthnot Banking
Arbuthnot Banking Group PLC is the holding company for Arbuthnot Latham & Co., Limited, operating in the financial services industry with a focus on private and commercial banking. The company emphasizes a relationship-based approach, offering specialist lending and wealth management services.
YTD Price Performance: 3.39%
Average Trading Volume: 1,922
Technical Sentiment Signal: Sell
Current Market Cap: £148.1M
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