Close Brothers is a leading UK merchant banking group providing lending, deposit taking, wealth management services and securities trading.
Our clients play an important role in driving growth in the British economy. Our role is to help them as they grow – providing financial support and advice to small businesses and individuals across the UK.
At Close Brothers we provide financial support and advice to small businesses and individuals throughout the UK. Our clients are the makers of things, the wealth creators, the investors and the savers. They are playing an important role driving growth in the British economy and we are supporting them as they grow.
Throughout our history, we have remained focused on upholding our traditional values of service, expertise and relationships. At the same time, we encourage innovation and support enterprise, reflecting how our clients do business.
We focus on our core values of service, expertise and relationships, which drive strong employee engagement and customer loyalty and are at the heart of our Modern Merchant Banking approach. We build leading positions in specialist markets, which are typically not well served by larger, more traditional banking groups.
We consistently apply our lending criteria at all stages in the financial cycle – ensuring sustainability of our lending and continuity for our clients.
Our lending is predominantly secured, with conservative loan to value ratios, and high margin.
We take a prudent approach to the management of our financial resources. We borrow long and lend short, with diverse sources of funding, and seek to maintain a conservative capital position throughout the cycle.
Common equity tier 1 capital ratio
Net interest margin
Funding % of loan book
Bad debt ratio
Banking expense/ income ratio
Loan book growth
We invest through the cycle to grow our business.
We continuously explore and develop new niches.
Our strong returns through the cycle support our progressive and sustainable dividends.
Return on opening equity
Adjusted basic earnings per share
Dividend per share
We are committed to creating an environment where our employees are supported and motivated by providing them with opportunities to realise their full potential.
We have a strong commitment to creating and promoting a diverse workforce, with focus on supporting all individuals irrespective of their gender, race, age, disability, sexual orientation or religion.
We believe in rewarding our staff fairly and transparently, ensuring that remuneration across the group is linked to clear objectives.
We value and care about our customers and want to remain their trusted partner, by behaving ethically and responsibly in all our dealings with them. This includes continued focus on fair pricing, clear and consistent communication, right outcomes for our customers and high standards across our businesses, our partners and intermediaries.
We ensure full compliance with all relevant regulatory requirements across all our divisions and aim to adhere to the highest professional and ethical standards in dealing with our customers, suppliers and each other.
We care about the environment we operate in and are aware of our responsibility to protect natural resources and to behave sustainably.
We monitor energy consumption and our GHG emissions and continue working to improve our energy efficiency across all our businesses.
We are active in our community and continue to invest in a number of community based initiatives and support the charitable causes that our employees are passionate about.