Highlights
The group continued to deliver a good performance with adjusted operating profit up 16% to £108.6 million and adjusted basic earnings per share up 19% to 58.2p
Continued strong performance in the Banking division with adjusted operating profit 19% higher at £106.4 million, reflecting 3.2% loan book growth year to date to £5.5 billion and an improved bad debt ratio of 0.7%
Winterflood was affected by difficult market conditions throughout the period and adjusted operating profit reduced 23% to £10.3 million, including £3.4 million net profit related to an investment gain
Continued steady progress in Asset Management with adjusted operating profit of £5.1 million and Assets under Management up 5% to £10.2 billion
Interim dividend per share increased 9% to 18.0p
Strong return on opening equity of 19% and common equity tier 1 capital ratio improved to 13.6%
