Close Brothers Group (GB:CBG) has released an update.
Close Brothers Group reports solid third-quarter performance with a 1.5% growth in its loan book, strong net interest margins, and a below-average bad debt ratio, despite a challenging economic landscape. The firm’s Asset Management division saw assets increase due to net inflows and positive market movements, while its securities trading division, Winterflood, improved to an operating profit after a previous loss. With a commitment to strategic execution and focus on customer demand, the group maintains a robust balance sheet, anticipating stable net interest margins and a confident outlook despite regulatory reviews.
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