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Close Brothers Reports Q1 Common Equity Tier 1 Capital Ratio Of 14.2%

Close Brothers Group plc (CBG.L) reported a strong performance in the first quarter, with solid new business volumes in Banking, reflecting increased customer activity, continued net inflows in the Asset Management division and elevated trading volumes in Winterflood.

Adrian Sainsbury, Chief Executive Officer, said, "Although the external environment remains highly uncertain, we continued to adapt well to these challenging and rapidly changing conditions. Our resilient model and the deep expertise of our people position us well to continue maximising support to our customers and clients, consistent with our purpose of helping the people and businesses of Britain thrive over the long term."

The company said it maintained a strong capital position with a Common Equity Tier 1 capital ratio of 14.2% at October 31, 2020, 620bps above the applicable minimum regulatory requirement.

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