Hardman & Co Research on Arbuthnot Banking Group (ARBB): 1H’24 - optimising the franchise value
July 30 2024 - 5:40AM
EQS Non-Regulatory
Hardman & Co Research
Hardman & Co Research on Arbuthnot Banking Group (ARBB): 1H’24
- optimising the franchise value
30-Jul-2024 / 11:40 GMT/BST
The issuer is solely responsible for the content of this
announcement.
Hardman & Co Research
on Arbuthnot Banking Group (ARBB)
1H’24: optimising the
franchise value
ABG’s 1H'24 results showed
the group’s continued evolution to optimise its franchise value.
2023 saw the peak benefits from ABG’s relationship deposit
franchise in the recent rising rate environment. Margins could be
widened while still giving customers competitive products. 1H’24
profits fell £6m (-21% on 1H’23), as low-cost fixed deposits
matured and rolled into higher-rate products. The effect was
mitigated by i) strong growth in specialist lending, the result of
a multi-year strategy, ii) growth in lower-cost SME deposits (a new
focus), and iii) the extended duration, and increased volume, of
high-quality debt securities instead of placings at the Bank of
England (BoE).
Please click on the link
below for the full report:
https://hardmanandco.com/research/corporate-research/arbuthnot-1h24-optimising-franchise-value/
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meeting the company, you can register your interest by clicking on
the above link.
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Contact:
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mt@hardmanandco.com
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End of Announcement - EQS News Service
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