Preliminary Results for the year ended 31 July 2012
- A solid overall performance in the current market environment
- Adjusted operating profit increased 2% to £134.2 million and adjusted basic earnings per share increased 4% to 67.3p
- The Banking division delivered a 27% increase in adjusted operating profit to £135.0 million. The loan book increased 20% to £4.1 billion and the bad debt ratio improved to 1.5%
- The Securities division was affected by difficult market conditions and adjusted operating profit reduced 55% to £24.5 million
- Asset Management has substantially completed its restructuring and the adjusted operating loss reduced to £4.3 million
- We have maintained a prudent funding and liquidity position and our capital base remains strong with a core tier 1 capital ratio of 12.8% and leverage ratio of 9.7%
- Full year dividend per share increased 1.5p to 41.5p
