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REG - Arbuthnot Banking - Pre Close Trading Update

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RNS Number : 8271Q  Arbuthnot Banking Group PLC  23 February 2023

FOR IMMEDIATE RELEASE

23 February 2023

Arbuthnot Banking Group PLC

Pre Close Trading Update

Arbuthnot Banking Group PLC ("Arbuthnot" or "the Group") today issues a pre
close trading update ahead of its final results announcement for the year
ended 31 December 2022, which is scheduled for 30 March 2023.

The Group continued to trade well in the fourth quarter of 2022. Having
invested in and developed a business model designed for higher interest rates
the Bank has benefitted from further rises in the Bank of England base rate.
Accordingly, the Group therefore expects to report pre-tax profits ahead of
consensus market expectations which the Group believes currently stand at
£17.3m.

 

Enquiries:

 Arbuthnot Banking Group                                                                                                                                                                      020 7012 2400
 Sir Henry Angest, Chairman and Chief Executive
 Andrew Salmon, Group Chief Operating Officer
 James Cobb, Group Finance Director

 Grant Thornton UK LLP (Nominated Adviser and AQSE Corporate Adviser)                                                                                                                         020 7383 5100
 Colin Aaronson
 Samantha Harrison
 George Grainger
 Ciara Donnelly

 Shore Capital                                                                                                                                                                                020 7408 4090
 (Broker)
 Daniel Bush
 David Coaten
 Tom Knibbs

 H/Advisors Maitland (Financial PR)                                                                                                                                                           020 7379 5151
 Sam Cartwright

 

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