Close Brothers lift full year profit

Finance house Close Bros reported a mixed set of results for the full year with strong growth in its banking division while difficult trading conditions hurt securities.

Finance house Close Bros reported a mixed set of results for the full year with strong growth in its banking division while difficult trading conditions hurt securities.

The banking division posted a 27% increase in adjusted operating profit to £135m. Close Brothers said its loan book increased 20% to £4.1bn and the bad debt ratio improved to 1.5%.

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