Close Brothers Group has posted results for the first part of its financial year. Much of this performance has been given by the Banking Division in the UK, supported by Closes banking services for private clients in the offshore British Isles, along with their investment, trust and fiduciary businesses, all contributing positively to the result.
Maintaining its strong capital position and its Fitch Long Term A credit rating, Close Brothers Group remains soundly funded and well positioned in 2010 to benefit from potential future growth opportunities.
The offshore banking businesses were delighted to contribute to this excellent result, and are planning a number of new products for both local personal and intermediary clients during 2010, says Graham Sheward, managing director of Close Offshore Banking in Guernsey and the Isle of Man.
D.C.