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Arbuthnot Banking full-year profit jumps on surge in lending

Reuters - UK Focus

March 19 (Reuters) - Britain's Arbuthnot Banking Group said its full-year pretax profit jumped 43 percent as lending surged.

Arbuthnot, which has its roots in 181-year-old private bank and wealth manager Arbuthnot Latham, said net interest income rose to 98.3 million pounds ($146.16 million) in year ended Dec. 31, from 73 million pounds a year earlier.

Pretax profit increased to 22.5 million pounds from 15.7 million pounds.

The bank said it would pay a total dividend of 27 pence compared with 44 pence, which included an 18 pence special dividend a year earlier.

Arbuthnot Banking (LSE: ARBB.L - news) comprises private banking unit Arbuthnot Latham & Co Limited and retail banking division Secure Trust Bank Plc.

($1 = 0.6725 pounds) (Reporting by Aashika Jain in Bengaluru; Editing by Anupama Dwivedi)