Arbuthnot sais this sale will result in a profit for the group of approximately GBP800,000.
Arbuthnot intends to use the proceeds of the sale to develop its existing private and retail banking operations in the UK.
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Arbuthnot AG was originally formed in order to establish a Swiss banking subsidiary for the Arbuthnot Banking Group.
Arbuthnot had an office with three employers in Switzerland, but the subsidiary never became fully operational. In its financial results for 2011 released last week, it emerged that the Swiss subsidiary cost the group GBP100,000, the same amount as in 2010.
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