Close Brothers Group (LSE:CBG) reported a steady start to its 2026 financial year, underpinned by renewed attention to cost control and strategic initiatives aimed at boosting efficiency and long-term growth. While the loan book contracted modestly amid broader market uncertainty, the group recorded gains in its Asset Finance and Motor Finance divisions. The company also continued work on the FCA’s proposed motor-finance commission redress scheme, resulting in a notable increase in provisions. Despite this, Close Brothers maintains a strong capital base supported by stable liquidity and funding, and it remains actively engaged with regulators to ensure fair customer outcomes.
The outlook for Close Brothers is shaped by favourable technical signals and supportive corporate developments, both of which point to constructive market sentiment. Nevertheless, ongoing financial-performance pressures and valuation considerations introduce caution to the overall assessment. Sustained progress in revenue growth and cash-flow management will be key to reinforcing long-term stability.
More about Close Brothers Group
Close Brothers is a specialist UK banking group offering lending, deposit-taking and securities trading services across the UK and Ireland. The firm employs around 3,000 people and is listed on the London Stock Exchange as part of the FTSE 250.
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