Half Year 2022 Close Brothers Group PLC Earnings Call Transcript
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
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
