Private bank Arbuthnot Latham has reported a pre-tax half-year profit of £6.7 million, up 24 percent on the same period in 2018.
Total assets of the bank increased to £2.33 billion (H1 2018: £1.96 billion), an increase of 19 percent. – a result of increased new customer loan and deposit balances. Customer lending was up 16 percent to £1.2 billion.
The bank originated new loans of £206 million during the first half, in line with the prior period, while assets under management increased from a low point at the end of 2018 to £1.03 billion (H1 2018: £1.07 billion).
