Close Brothers Group PLC (LON:CBG) said it remains “well positioned for the long term” despite mixed trading conditions after growing its loan book and assets in the year to date.
In a trading update for the 11 months to June 30, the financial services company said its loan book increased 5.1% over the period to £7.6bn from £7.2bn on 1 August 2018.
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The group delivered growth in commercial and retail loans but the property loan book was broadly flat.
Managed assets advanced 9% to £11.3bn at the end of June from £10.4mln on July 31 last year.
As of June 30, total client assets stood at £12.9bn, up 6% from £12.2bn at the end of July a year ago.
The company said its broking arm, Winterflood, achieved “solid profitability” throughout the period but trading volumes remained low.
“The division remains focused on maximising its trading opportunities in all market conditions and performed broadly in line with the first half overall,” Close Brothers said.
It added: "While current trading conditions are mixed, we remain well positioned for the long term."