Arbuthnot Private Bank has reported a pre-tax profit of £1 million for the first six months of 2013, a decline of 28% compared with £1.4 million reported in the corresponding period of 2012.
The bank’s loan book rose 8% to £307 million from £283 million in the first half of 2012.
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Customer deposits base also grew more than 10% to £453 million in the first six months of 2013 from £406 million a year ago.
Commenting on the results, Henry Angest, chairman and chief executive of Arbuthnot, said: "The group has made good progress so far this year and continues to exploit the many varied opportunities that currently exist in the markets in which we operate."
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