News & Updates

Close Brothers’ loan book boosted by strong property finance quarter

Finance, Funding, Property

Close Brothers Group’s banking division has reported a 4.1% yearly rise in its loan book following a strong period of growth in property finance.

The loan book stood at £6.7bn as of 30th April 2017, up from £6.2bn at the same time last year.

The announcement follows the group’s acquisition of legal sector finance provider Novitas Loans earlier this month.

“Performance was particularly good in property finance, with good loan book growth and strong profitability,” the group stated in a trading update.

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