Group financial overview

Close Brothers operates through three divisions: Banking, Securities and Asset Management. Below is a summary of the group’s financial performance over the last three years including an overview of our divisions.

Continuing operations

2017

2016

2015

Adjusted operating profit (£m)1

264.8

233.6

224.9

Operating profit before tax (£m)

258.6

228.5

219.9

Basic EPS (p)

128.3

125.7

117.8

Adjusted basic EPS (p)

131.7

128.4

120.5

DPS (p)

60.0

57.0

53.5

Total equity (£bn)

1.2

1.1

1.0

Total assets (£bn)

9.3

8.7

8.0

Common equity tier 1 capital ratio

12.6%

13.5%

13.7%

Return on opening equity

17.9%

18.9%

19.5%

1 The disposal of Close Brothers Seydler was completed on 5 January 2015. The profit on disposal of £10.3 million and profit after tax of £0.9 million have been classified as discontinued operations.

Close Brothers has a financial year end of 31 July.

Banking

Close Brothers’ Banking division provides lending to small businesses and individuals, with an emphasis on specialist finance. We also offer deposit taking services to UK businesses and individuals.

The division has three lending segments: Retail, Commercial and Property. Treasury manages our overall funding and liquidity requirements.

The latest financial results are:

2017

2016

2015

Operating income1 (£m)

555.3

511.2

481.9

Adjusted operating profit (£m)

243.5

223.0

208.7

Closing loan book (£m)

6,884.7

6,431.6

5,737.8

1 As announced on 13 September 2016, operating income has been adjusted to deduct depreciation of operating lease assets. Operating income in 2015 has been re-presented accordingly.

Latest presentation

Date

Title

Presentation

Webcast

Script

26 November 2015

Investor Presentation: Banking Division

Download

Listen

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Securities

In Securities, we provide trading services in the UK through Winterflood, a leading market-maker.

The latest financial results1 are:

2017

2016

2015

Operating income (£m)

106.7

82.3

94.6

Operating profit (£m)

28.1

19.0

24.6

1 The disposal of Close Brothers Seydler was completed on 5 January 2015. The operating profit of £1.3 million and profit on disposal of £10.3 million have been classified as discontinued operations. Operating profit in 2015 is up until the point of disposal.

Asset management

Close Brothers Asset Management provides a range of financial advice, investment management and online investing services, helping clients to secure their financial future.

The latest financial results are:

2017

2016

2015

Operating income (£m)

102.9

92.3

95.6

Adjusted operating profit (£m)

17.4

14.4

17.8

Toal client assets (£m)

11,157

9,901

10,793