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Arbuthnot Latham reports 105% loan volume increase

Tom Belger | 13:30 Wednesday 28th March 2018

Arbuthnot Latham has reported written loan volume of £466m for 2017, a 105% increase on the £227m announced in 2016.

The private, commercial banking and wealth management arm of the Arbuthnot Banking Group PLC also posted a profit before tax of £11m, up 21% on the previous year.

The results were revealed in Arbuthnot Banking Group's audited final results for the year to 31st December 2017.

The group also increased its profit before tax to £7m, a significant rise on the £200,000 recorded reported last year.

Arbuthnot Latham announced that during  it surpassed £1bn of customer loans, an increase of 38% on 2016.

Meanwhile, customer deposits also exceeded £1bn, increasing 39% on 2016 to £1.39bn.

“The group had a good year, with profits increasing substantially, supported by the deployment of capital into the business,” said Henry Angest, chairman and chief executive at Arbuthnot.

“Arbuthnot Latham reached a creditable milestone of surpassing £1bn in its key business metrics: customer loans, customer deposits and assets under management.

“With a new banking system successfully installed, strong capital and a good liquidity surplus, the group is well set for further growth.”

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