Close Brothers Group PLC (LSE:CBG)
£ 4.91 -0.15 (-2.96%) Market Cap: 738.89 Mil Enterprise Value: 1.59 Bil PE Ratio: 5.19 PB Ratio: 0.41 GF Score: 62/100
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Half Year 2022 Close Brothers Group PLC Earnings Call Transcript

Mar 15, 2022 / 09:30AM GMT
Release Date Price: £10.77 (-10.84%)
Adrian John Sainsbury
Close Brothers Group plc - CEO & Executive Director

Good morning, and welcome to the presentation of Close Brothers' half 1 results. I'll start with a brief review of the key highlights of our performance, and then Mike will take you through our financials. I'll come back and cover our business and strategy updates. And at the end of the presentation, we'll be happy to take your questions either over the telephone line or over the webcast, which you can submit during or after the presentation.

In the first 6 months of the year, while we all continue to navigate the restrictions and disruptions caused by COVID-19, we also saw the U.K. economy start to recover, following the successful vaccination program. This translated into increased customer activity in banking and continued growth in asset management, but also a challenging market environment in the segments where Winterflood operates. Against this backdrop, we delivered a good financial performance with stable income and a strong ROE of 12.2%.

In Banking, income was up 12% as we delivered loan book growth

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