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Close Brothers reports solid start to year

first_img CLOSE Brothers said overall performance during the first quarter was solid yesterday, driven by good loan book growth on continued demand for its specialist lending services. The merchant bank said its loan book stood at £3.1bn at the end of October compared to £2.9bn three months earlier, an increase of seven per cent. It said it also remained positive about the outlook for the full financial year.However, Close said its bad debt ratio grew slightly compared to the first six months of the year due to a problem property portfolio although it said it expected its bad debt ratio to be lower by the end of the 2011 financial year. The bank’s asset management division made a small loss as it continued to invest for future growth, particularly in private clients. Total funds under management increased 14 per cent to £8.5bn at 31 October 2010, compared to £7.4bn three months earlier reflecting the acquisition of the Chartwell Group and market movements. Close Brothers said its securities division had recorded sound performance although its derivatives trader, Mako, had been subdued due to lower volumes and volatility. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times whatsapp Close Brothers reports solid start to year Thursday 18 November 2010 8:03 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Sharecenter_img Show Comments ▼ whatsapp KCS-content Tags: NULLlast_img read more

Sunu Assurances Nigeria Plc (SUNU.ng) 2018 Annual Report

first_imgSunu Assurances Nigeria Plc (SUNU.ng) listed on the Nigerian Stock Exchange under the Insurance sector has released it’s 2018 annual report.For more information about Sunu Assurances Nigeria Plc (SUNU.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Sunu Assurances Nigeria Plc (SUNU.ng) company page on AfricanFinancials.Document: Sunu Assurances Nigeria Plc (SUNU.ng)  2018 annual report.Company ProfileSunu Assurances Nigeria Plc formerly (Equity Assurance Plc) is an established insurance company in Nigeria offering non-life insurance for the domestic and corporate sectors as well as asset management and health management services. The company also has business interests in Ghana. Non-life insurance ranges from fire and special peril to consequential loss, cash and goods in transit, public and products liability, fidelity guaranty, personal liability and accident insurance products. Equity Assurance Plc also provides insurance products for workmen compensation and plant, erection and contractors all risk and welfare funds and medical evacuation. The company has subsidiary segments providing health management, asset management and hospitality services. Equity Assurance Plc is a subsidiary of SUNU Finances Holding SA. Its head office is in Lagos, Nigeria. Sunu Assurances Nigeria Plc is listed on the Nigerian Stock Exchangelast_img read more

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