Arbuthnot Banking (GB:ARBB) has released an update.
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Arbuthnot Banking Group PLC reports stable growth in its loan balances, which saw a 6% year-on-year increase to £2,370m, and a 10% rise in Funds under Management and Administration to £1,873m, attributed to the company’s business model benefiting from higher interest rates. Despite a slight dip in deposits due to seasonal factors, the bank’s strategic focus on low-cost deposits and maintaining robust credit discipline in a volatile economic climate has been effective. Furthermore, strong performance in specialist lending divisions and wealth management indicates a resilient positioning for the second half of the year.
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