Business
Final Results 2008
Final Results 2008.
About this update from Arbuthnot Banking Group Plc
[{"type":"text","content":"\n RNS Number : 7299O Arbuthnot Banking Group PLC 12 March 2009 \n \n12 March 2009\n\n\nARBUTHNOT BANKING GROUP PLC\n\nFinal results for the year to 31 December 2008\n\nArbuthnot Banking Group PLC ('Arbuthnot') today announces audited final results for the year ended 31 December 2008. Arbuthnot is the holding company for Arbuthnot Securities Limited, Arbuthnot Latham & Co., Limited and Secure Trust Bank PLC.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n2008\n\n\n2007\n\n\n\n\nOperating income\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n£41.9m\n\n\n£68.8m\n\n\n\n\n(Loss) / Profit before tax\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n(£2.2)m\n\n\n£8.6m\n\n\n\n\nProfit attributable to Equity holders of the Company\n\n\n\n\n\n\n\n\n\n\n\n£0.5m\n\n\n£3.6m\n\n\n\n\nBasic earnings per share\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n3.5p\n\n\n23.8p\n\n\n\n\nTotal dividend per share\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n21.0p\n\n\n33.0p\n\n\n\n\nTotal assets\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n£359.8m\n\n\n£414.0m\n\n\n\n\nRegulatory capital\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n£45.5m\n\n\n£46.7m\n\n\n\n\n\nCommenting on the results, Henry Angest, Chairman and Chief Executive of Arbuthnot, said:\n\n'Arbuthnot Banking Group has made a positive return to shareholders which is a creditable performance given the turmoil in the financial services industry. Our balance sheet, capital and liquidity remain strong and I am cautiously optimistic about our prospects for 2009.'\n\n\n\n\n\nArbuthnot Banking Group PLC: \n\n\nTel: 020 7012 2400\n\n\n\n\nHenry Angest, Chairman and Chief Executive\n\n\n\n\n\n\n\nAndrew Salmon, Chief Operating Officer\n\n\n\n\n\n\n\nJames Cobb, Group Finance Director\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nMaitland:\n\n\nTel: 020 7379 5151\n\n\n\n\nEmma Burdett\n\n\n\n\n\n\n\nRichard Farnsworth\n\n\n\n\n\n\n\n\nOperational highlights\n\nGroup\n\n\n\nPositive return to shareholders with attributable profit of £0.5m \n\n\n10.5p final dividend recommended resulting in a total dividend of 21.0p\n\n\nCapital, liquidity and balance sheet remain strong\n\n\nPrivate Banking - Arbuthnot Latham\n\n\n\nProfit before tax up 46% to £2.1m (2007: £1.5m)\n\n\nGain on disposals of £2.2m partly offset by restructuring £0.4m and FSCS levy £0.45m\n\n\nCustomer deposits virtually unchanged £272.6m (2007: £273.6m)\n\n\n1% asset growth and 9% loan book growth\n\n\nLoan to deposit ratio 1: 1.7. Com...