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.”
-
Temenos partners with ClearBank for cloud payments
Banking software company Temenos has formed a strategic relationship with ClearBank to provide banks with a faster route to market for real-time cloud payments...
-
Unity Trust Bank registers 34% rise in profits
Unity Trust Bank increased profits by 34% in 2019...
-
Believe the hype – why explainable AI is a trend that’s here to stay
Technology has become a ubiquitous part of our day-to-day lives...
-
Piloting tech updates: ‘The bigger the bank, the harder it is to get anything done’
In the latest Medianett filmed roundtable session, we discussed how important technology is in the banking space, and what impact the industry expects it to have on its businesses in the future...
-
What banks need to know about cloud security
One of the most common perceived concerns when adopting the cloud is the issue of security...
-
OakNorth sees 95% increase in pre-tax profits
OakNorth Bank has announced a 95% rise in pre-tax profits in 2019 to £65.9m, up from the £33.9m recorded in 2018...
-
Redwood Bank signs up to Women in Finance Charter
Redwood Bank has announced that it has signed up to the Women in Finance (WIF) Charter...
-
Masthaven launches digital Women in Leadership programme
Masthaven Bank has launched a new Women in Leadership digital development programme for female senior leaders...
-
Protecting against supply chain disruption and the domino effect
Disappointingly, many UK SME business owners don’t understand their supply chains...
-
Confused about which Isa to choose? Hopefully this mini-guide will help…
We are now firmly in Isa season, so you’re likely to read multiple articles about the most competitive Isa products in the market and how best to make the most of your Isa allowance before the end of the tax year...
-
Garden shed entrepreneurs contribute £16.6bn to the UK economy
Entrepreneurs who run their businesses from garden sheds contribute £16.6bn annually to the UK economy, according to a recent study...