Business
Annual General Meeting 2026 & Trading Update
Arbuthnot Banking Group PLC reported a strong start to 2026, with loan balances growing 3% to £2,322m by April 30, 2026, and deposits increasing 1% to £4,631m despite seasonal outflows. Funds Under Management and Administration (FUMA) saw a significant 5% increase to £2,804m in the four months to April 30, 2026, representing 25% year-on-year growth. The Commercial Asset Based Lending division saw a 13% increase in its loan book to £247m, while Renaissance Asset Finance's loan book grew 17% to £336m. Asset Alliance Group maintained its Assets Available to Lease at £384m, with used vehicle trading now profitable. Disclaimer*
About this update from Arbuthnot Banking Group Plc
19 May 2026 Arbuthnot Banking Group PLC Annual General Meeting 2026 Trading Update The Board of Arbuthnot Banking Group PLC ("Arbuthnot", "the Company", "the Bank" or the "Group") announces the following statement regarding the trading performance of the Group for the four months to 30 April 2026 ahead of the Annual General Meeting due to be held later today. Highlights ● Loan Balances including Leased Assets at 30 April 2026 of £2,322m (30 April 2025: £2,361m, 31 December 2025: £2,246m), representing growth of 3% since the year end. ● Deposits of £4,631m (30 April 2025: £4,257m, 31 December 2025: £4,570m), representing a 1% increase since the year end despite the seasonal outflow of client tax payments and year on year growth of 9%. ● Funds Under Management and Administration ("FUMA") of £2,804m, (30 April 2025: £2,250m, 31 December 2025: £2,677m), a 5% increase against 31 December 2025 and an increase of 25% year on year. Summary The Group made a strong start to the year with good growth in both lending and FUMA balances. This is despite the headwinds that have persisted in the economy in 2026. The Group regularly notes that due to the conservative levels of surplus liquidity, its financial performance can be affected by the base rate which determines the return the Group can make on these surplus funds. Therefore, after the base rate reduction in December 2025 and the anticipation of further cuts in 2026, the Group expected its good trading performance would be offset by lower revenues earned on the liquidity reserves. Given the issues in the Middle East that have now pushed up energy prices which seem likely to become embedded in the supply chain, higher inflation would appear to be inevitable. How the Bank of England policy setters react to this remains to be seen, but the downside risk appears to have receded for now. Group loan balances grew 3% in the first four months of the year to finish the period at £2,322m with a return to growth across all of the Group's business segments, whilst maintaining its conservative credit appetite. Deposits finished the period at £4,631m, a 1% growth in the four months since the year end and 9% since the same period in the prior year. This was after the seasonal outflow of clients' tax payments to HMRC in January. The Wealth Ma...
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