Arbuthnot Latham & Co. Limited have announced it has exceeded £1 billion of lending for the first time.
This completes a trio of milestones for Arbuthnot Latham, the private, commercial banking and wealth management arm of the Arbuthnot Banking Group PLC.
In March the bank reached £1 billion of deposits, and in May hit £1 billion of assets under management.
Commenting on the announcement, Arbuthnot Latham’s Chief Executive, Ian Henderson, said: “We are thrilled to announce this latest milestone, which continues a fantastic year of growth and stability at Arbuthnot Latham.
“We have always adopted a policy of sustainable growth, and hitting this trifecta speaks to the dedication of our teams and demand in the market for personalised banking services, increasingly from owner-managed businesses in the UK.
“Our commercial division has bolstered our client offering and continues to go from strength to strength. This stands us in great stead looking into 2018. The business has seen exciting growth this year, in particular with our recent expansion in the South West region.
“At a time when the private banking sector is facing a series of challenges with closures and slowing growth, clients are increasingly looking for stable, long term options. Having a strong balance sheet, and continuing track record of growth is invaluable in Arbuthnot Latham being able to provide reassurance to clients.”