Investec Ltd (OTCPK:ITCFY)
$ 16.7 0.86 (5.43%) Market Cap: 7.49 Bil Enterprise Value: 2.59 Bil PE Ratio: 5.82 PB Ratio: 0.97 GF Score: 72/100

Half Year 2021 Investec PLC Earnings Call Transcript

Nov 19, 2020 / 09:00AM GMT
Release Date Price: $5.02
Fani Titi
Investec Group - Group CEO & Director

Ladies and gentlemen, good morning, and welcome to our financial year '21 Interim Results presentation. I'm joined by Nishlan Samujh, our Finance Director, on the stage.

Before we review the results for the period, I would like to give you a brief update on our COVID-19 response. I'm going to start with an update on our people. In South Africa, we are beginning to return to the office in the U.K., given the second lockdown, staff continue to work from home. Clearly, the future world of work post COVID-19 will benefit from the multiple remote working models now available to us. However, for Investec, we want to protect our culture. Therefore, the office will remain the center of gravity as we go forward.

We continue to support our colleagues through a number of wellness programs as we go forward. Moving on to our clients. Current COVID-19 relief provided to 60 -- 6.3% of gross loans in the U.K. and at peak, that number was 13.7%. In South Africa, the current proportion of the loan book under relief is 2.2% at peak, that number was 23%.

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