Arbuthnot Banking Group has returned to profitability, reporting pre-tax profits of £4.6 million in its full year 2021 results.

In 2020 the group posted a £1.1 million loss.

Operating income was up 22.3 percent from £72.5 million to £88.7 million.

Total operating costs were also up. These increased 30.8 percent from £71.4 million to £93.4 million.

Assets under management increased marginally from £1.1 billion to £1.4 billion.

Chai...