Outlook: Delivering loan growth across group
ABG is delivering growth across the group. Its business model of fostering a range of financial services has worked most successfully with the retail bank (Secure Trust) but the private bank is also delivering substantial underlying profit and franchise growth (loans up 57% but still has a divisional loan to deposits ratio of 92%). Group pre-tax profits of £22.5m were ahead of our forecast of £21.8m. We have accelerated loan growth and costs following these results.Arbuthnot Banking Group is primarily involved in banking and financial services. Co. is organized into three main operating segments: Retail banking (associate), which incorporates household cash management, personal lending and banking and insurance services; U.K. Private banking, which incorporates private banking, commercial banking and wealth management; and Group Centre, which is comprised in Co.'s Group Centre management. As of Dec 31 2016, Co.'s total assets were £1.27 billion.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.