TIDMARBB

RNS Number : 3691X

Arbuthnot Banking Group PLC

21 February 2017

21 February 2017

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 Preliminary results announcement for the year ended 31 December 2016, which is scheduled for 23 March 2017.

The Group continued its development as anticipated in the fourth quarter of 2016 and therefore expects to report pre-tax profits in line with market expectations.

As previously announced in December 2016, the Group completed the purchase of the Duncan Lawrie loan portfolio. This has now been successfully transferred to Arbuthnot Latham.

In December the Group also announced that it had reached an agreement to acquire Renaissance Asset Finance ("RAF"), which was subject to approval of the change of control application by the Regulatory Authorities. One of these approvals has now been received but the completion still remains conditional on the final receipt. However, it is expected that the transaction will be completed before the end of the first quarter of 2017.

Enquiries:

 
 Arbuthnot Banking Group 
  Sir Henry Angest, Chairman and Chief Executive 
  Andrew Salmon, Group Chief Operating Officer 
  James Cobb, Group Finance Director 
  Ian Henderson, Group Director and Chief Executive 
  Arbuthnot Latham                                     0207 012 2400 
 Stifel Nicolaus Europe Ltd trading as KBW (Nomad 
  and Joint Broker) 
  Robin Mann 
  Gareth Hunt 
  Stewart Wallace                                      0207 710 7600 
 Numis Securities Ltd (Joint Broker) 
  Chris Wilkinson 
  Andrew Holloway                                      0207 260 1000 
 Bell Pottinger (Financial PR) 
  Ben Woodford 
  Sam Cartwright                                       0203 772 2500

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 21, 2017 02:00 ET (07:00 GMT)

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