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Arbuthnot Banking Group (ARBB): 1H'19 results: ...
Arbuthnot Banking Group (ARBB): 1H'19 results: ....
About this update from Arbuthnot Banking Group Plc
[{"type":"text","content":"\n \nHardman & Co ResearchHardman & Co Research: Arbuthnot Banking Group (ARBB): 1H'19 results: diversified, low-risk growth continues29-Jul-2019 / 15:35 GMT/BST\n\nHardman & Co Research: 1H'19 results: diversified, low-risk growth continues\n\nThe 17 July 1H'19 results showed the further progress made in profitably deploying the capital ABG generated from the partial sales of its stake in STB. Loans grew 16% to £1,275m, and deposits increased 18% to £1,829m, driving net interest income up 15%. Other new businesses continue to show strong growth. Commercial Banking generated profits of £3m (1H'18 loss: £0.8m). The group is well-funded (loans 70% of deposits) and has surplus group capital of ca.£70m (core equity Tier 1 surplus in excess of £30m). In July, ABG announced the acquisition of two mortgage portfolios for £258m; this shows the company's flexibility to take value-added acquisition opportunities.\n\nPlease click here for the full report:\n\nhttps://www.hardmanandco.com/research/corporate-research/1h19-results-diversified-low-risk-growth-continues/\n\n\n To contact us:\n\n Hardman & Co35 New Broad StreetLondonEC2M 1NH\n\n www.hardmanandco.com\n\n Follow us on Twitter @HardmanandCo\n \n \n Contact:\n\n Mark Thomas +44 20 7194 7622\n \n \n  \n\n [email protected] \n\n  \n\n  \n \n Hardman & Co Research can still be accessed for free after MiFID II. Please click here to read the statement.\n\nAbout Hardman & Co: For the past 21 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge. Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case. \n\nHardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered a...