Arbuthnot Banking's full-year profit jumps as lending surges

March 17, 2016 7:32 AM

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March 17 Britain's Arbuthnot Banking Group said its full-year pretax profit jumped 52 percent as lending surged at both its private and retail banking arms, but fell short of analyst estimates.

Arbuthnot, which has its roots in 183-year-old private bank and wealth manager Arbuthnot Latham, said pretax profit rose to 34.2 million pounds ($48.7 million) from 22.5 million pounds for the year ended Dec. 31.

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