Close Brothers boosted by coronavirus loan demand
Merchant banking group Close Brothers saw its loan book rise by 5.6% to £8bn in the three months to the end of October, with its banking division boosted by demand for financing under the Coronavirus Business Interruption Loan Scheme. Total client assets at the fund management unit climbed to £13.8bn from £13.7bn at the end of July. CEO Adrian Sainsbury said: “Although the external environment remains highly uncertain, we continued to adapt well to these challenging and rapidly changing conditions. ”
The Times, Page: 42