Arbuthnot Banking Group (ARBB)

Sector:

Banking

Index:

FTSE AIM All-Share

1,080.00p
   
  • Change Today:
      15.00p
  • 52 Week High: 1,130.00
  • 52 Week Low: 877.50
  • Currency: UK Pounds
  • Shares Issued: 16.19m
  • Volume: 10,346
  • Market Cap: £174.81m
  • RiskGrade: 147

Arbuthnot Banking profits hit by BoE rate cut

By Michele Maatouk

Date: Tuesday 14 Jul 2020

LONDON (ShareCast) - (Sharecast News) - Arbuthnot Banking reported a slump in first-half profit on Tuesday as it took a hit after the Bank of England cut interest rates to a record low in March.
In the six months to the end of June, pre-tax profit fell to £200,000 from £2.9m in the first half of last year. The company said BoE base rate reductions cost it £2.7m. Arbuthnot also said it had been impacted by investee company Secure Trust's failure to pay a dividend of £1m.

The bank said customer loans pushed up 27% to £1.62bn, while customer deposits increased 21% to £2.21bn and assets under management were up 4% at £1.07bn.

Chairman Henry Angest said the base rate reduction "will remain an impediment to the medium-term performance of the group, until the lending portfolios can be fully repriced and lower rates are achieved across our customer deposits".

"Even then, the group does not expect to regain all of the lost revenue that was previously earned on the significant surplus of liquidity assets that are held at the Bank of England. To offset this lost revenue the group has prudently implemented cost control measures, which have included the cancellation of staff bonuses for 2020."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ARBB Market Data

Currency UK Pounds
Share Price 1,080.00p
Change Today 15.00p
% Change 1.41 %
52 Week High 1,130.00
52 Week Low 877.50
Volume 10,346
Shares Issued 16.19m
Market Cap £174.81m
RiskGrade 147

ARBB Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.10% above the market average88.10% above the market average88.10% above the market average88.10% above the market average88.10% above the market average
5.88% above the sector average5.88% above the sector average5.88% above the sector average5.88% above the sector average5.88% above the sector average
Price Trend
67.09% above the market average67.09% above the market average67.09% above the market average67.09% above the market average67.09% above the market average
29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average
Income
81.84% above the market average81.84% above the market average81.84% above the market average81.84% above the market average81.84% above the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average
Growth
94.90% above the market average94.90% above the market average94.90% above the market average94.90% above the market average94.90% above the market average
88.24% above the sector average88.24% above the sector average88.24% above the sector average88.24% above the sector average88.24% above the sector average

ARBB Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Apr-24 24-Aug-23
Paid 31-May-24 22-Sep-23
Amount 27.00p 19.00p

Trades for 28-Mar-2024

Time Volume / Share Price
16:27 150 @ 1,107.00p
16:15 82 @ 1,061.40p
16:12 34 @ 1,060.80p
15:40 22 @ 1,110.00p
15:09 500 @ 1,104.00p

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