Close Brothers says confident of strong full-year result
May 23 (Reuters) - British lender Close Brothers (LSE: CBG.L - news) said the loan book of its banking division grew to 5.1 billion pounds during the third quarter and that it was confident of delivering a "strong" result for the financial year.
The financial services provider, which lends to small and medium-sized businesses and gives investment management advice, said its loan book stood at 5.1 billion pounds as at April 30, up 10 percent year-to-date.
Close Brothers said its loan book was boosted by demand from property finance coupled with a seasonal uplift in demand in motor finance. (Reporting by Karen Rebelo and Richa Naidu in Bangalore; Editing by Gopakumar Warrier)