Bulletin
Investor Alert

Jan. 21, 2021, 2:24 a.m. EST

Close Brothers report rising loans and net inflows

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

By Sabela Ojea

Close Brothers Group PLC said Thursday that it has delivered a strong performance year to date, benefiting from the continuation of the favorable trends reported at the first quarter of the financial year.

In banking, the company's loan book rose to 8.1 billion pounds ($11.06 billion) compared with GBP7.6 billion as at July 31, 2020.

The asset-management division generated annualized net inflows of 5.4%, with managed assets rising to GBP13.9 billion from GBP12.6 billion as at July 31 and total client assets growing to GBP15.0 billion from GBP13.7 billion.

The financial-services company said its common equity Tier 1 ratio --a key measure of balance-sheet strength-- stood at 14.8%, significantly above the applicable minimum regulatory requirement.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.