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Friday, November 24, 2017

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Arbuthnot Latham surpasses £1bn of lending

Tom Belger | 12:27 Tuesday 7th November 2017

Arbuthnot Latham & Co Limited has exceeded £1bn of lending for the first time.

The announcement completes a trio of milestones for the private, commercial banking and wealth management arm of the Arbuthnot Banking Group PLC.

In March, the bank reached £1bn of deposits and in May it reached £1bn of assets under management.

Ian Henderson, chief executive of Arbuthnot Latham (pictured above), said it was thrilled to announce this latest milestone.

“We have always adopted a policy of sustainable growth, and hitting this trifecta speaks to the dedication of our teams and demand in the market for personalised banking services, increasingly from owner-managed businesses in the UK.

“Our commercial division has bolstered our client offering and continues to go from strength to strength.”

Ian added that these results left the bank in great shape for 2018.

“The business has seen exciting growth this year, in particular with our recent expansion in the South West region.

“At a time when the private banking sector is facing a series of challenges with closures and slowing growth, clients are increasingly looking for stable, long-term options.

“Having a strong balance sheet, and continuing track record of growth is invaluable in Arbuthnot Latham being able to provide reassurance to clients.”

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