March 28, 2018 / 6:26 AM / 5 months ago

Arbuthnot Banking's full-year profit rises on surge in lending

March 28 (Reuters) - Britain’s Arbuthnot Banking Group on Wednesday reported an increase in full-year pretax profit, driven by a surge in lending at its private banking arm.

Arbuthnot, which has its roots in 185-year-old private and commercial bank and wealth manager Arbuthnot Latham, said pretax profit increased to 7 million pounds ($9.94 million) from 0.2 million pounds a year earlier, and in-line with analysts expectations, according to Thomson Reuters I/B/E/S. ($1 = 0.7045 pounds) (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Bernard Orr)

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