Arbuthnot Banking Group PLC Stock

Arbuthnot Banking Group PLC provides various private and commercial banking products and services.

The company provides a range of financial services to clients and customers in its chosen markets of banking, wealth management, asset finance, asset-based lending, specialist lending, and commercial vehicle finance.

The company’s revenues are derived from a combination of net interest income from lending, deposit taking and treasury activities, fees for services provided and commission earned on the sale of financial products. The company also earns rental income on its properties and holds financial investments for income.

Segments

The company operates through nine operating segments:

Banking – This segment includes Private and Commercial Banking. Private Banking provides traditional private banking services. Commercial Banking provides bespoke commercial banking services and tailored secured lending against property investments and other assets.

Wealth Management – This segment provides financial planning and investment management services.

Mortgage Portfolios – This segment includes acquired mortgage portfolios.

RAF – This segment includes specialist asset finance lender mainly in high value cars but also business assets.

ACABL – This segment provides finance secured on either invoices, assets or stock of the borrower.

ASFL – This segment provides short term secured lending solutions to professional and entrepreneurial property investors.

AAG – This segment provides vehicle finance and related services, predominantly in the truck & trailer and bus & coach markets.

All Other Divisions – This segment includes all other smaller divisions and central costs in Arbuthnot Latham & Co., Ltd (investment property and central costs).

Group Centre – This segment includes ABG Group management.

Subsidiaries Business

Arbuthnot Latham

Private Banking

Arbuthnot Latham provides a private banking and wealth management service, consisting of three core elements:

Private Banking: Comprises current accounts, deposit accounts, loans, overdrafts and foreign exchange. Each client deals with a dedicated Private Banker who is key to providing an individual service.

Financial Planning: Built on long-term relationships and bespoke financial strategies. The service is independent and fee, not commission based.

Investment Management: Comprises asset management, developing tailored investment strategies to ensure that each client’s specific investment objectives are met.

Commercial Banking

Arbuthnot Latham provides a bespoke commercial banking service, which includes:

Banking: Comprising current accounts, deposits, overdrafts, guarantees and charge cards. Clients have a dedicated Banker who is key to managing the relationship.

Property Finance: Comprises tailored lending to enable funding of both property investments and developments.

Other Finance: Comprises individual secured lending, which is designed around the needs of each commercial client.

Renaissance Asset Finance Limited

Asset Finance: Provides asset finance funding in particular for high value and classic cars but also business assets.

Arbuthnot Commercial Asset Based Lending Limited

Asset Based Lending: Provides finance secured on either invoices, assets or stock of the borrower.

Arbuthnot Direct

Deposits: Provides deposit products directly to the retail market via a newly created internet platform, with rates advertised on the best buy tables.

Arbuthnot Specialist Finance Limited

Specialist Finance: Provides short term secured lending solutions to professional and entrepreneurial property investors.

Asset Alliance Group

Asset Alliance Group provides vehicle finance and related services, predominantly in the truck & trailer and bus & coach markets.

Regulation

The company has been approved by the Prudential Regulation Authority (PRA) as a parent financial holding company of its banking subsidiary, Arbuthnot Latham & Co., Limited. Arbuthnot Latham is authorized by the PRA and regulated by the Financial Conduct Authority (FCA) and by the PRA. Three of its subsidiaries, Asset Alliance Leasing Limited, Forest Asset Finance Limited and Renaissance Asset Finance Limited, are regulated by the FCA.

History

Arbuthnot Banking Group PLC was founded in 1833. The company was incorporated in 1985.