Established in 1878, Close Brothers is a British financial services company, offering lending, deposit taking, wealth management services, and securities trading.
Close Brothers Limited is the 42nd largest bank in the United Kingdom in terms of total assets. In 2017 its total assets were 8 449,50 mln GBP, providing the bank with the market share of 0.10%. In 2017 the bank's annual profit was 183,90 mln GBP.
Close Brothers Limited is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A (high credit quality). Long-term credit rating assigned to the bank by Moody's is Aa3 (high grade).
Close Brothers Limited participates in deposit guarantee scheme of the United Kingdom. This scheme covers accounts up to 85 000 GBP per bank per depositor.
Close Brothers Limited is headquartered in London.
time deposit accounts (0.60 - 1.05 %)
Close Brothers Limited provides products and services in the areas of retail banking, corporate banking, wealth management, securities trading. The range of products offered by Close Brothers Limited includes savings accounts, time deposit accounts (0.60 - 1.05 %), consumer loans, business loans, invoice financing, leasing.
Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).
Time deposit accounts made with Close Brothers Limited are covered by deposit guarantee scheme of the United Kingdom up to 85 000 GBP per depositor. Close Brothers Limited offers the following time deposit accounts.
Updated on 17 December 2018
Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
|Total Assets (2017)|
|8 449.50 mln GBP (+5.94%)|
In 2017 total assets of Close Brothers Limited were 8 449.50 mln GBP. Growth compared to the previous period (2016) was 5.94%. The evolution of the total assets of Close Brothers Limited is shown at Chart 1 below.
Chart 1. Total Assets of Close Brothers Limited.
|Annual Profit (2017)|
|183.90 mln GBP (-2.85%)|
In 2017 annual profit of Close Brothers Limited was 183.90 mln GBP. Decline compared to the previous period (2016) was -2.85%. The evolution of the annual profit of Close Brothers Limited is shown at Chart 2 below.
Chart 2. Annual Profit of Close Brothers Limited.
|A (high credit quality)||Aa3 (high grade)|
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Close Brothers Limited is rated by Fitch and Moody's.
Credit ratings assigned to Close Brothers Limited as of May 2018 are shown in details in the following sections.
Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Close Brothers Limited it is set to A (high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Close Brothers Limited is set to F1 (highest short-term credit quality).
|Long-Term Issuer Default Rating||A|
|Short-Term Issuer Default Rating||F1|
|Support Rating Floor||NF|
Viability rating for Close Brothers Limited is set to a (high fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).
Long-term rating for Close Brothers Limited it is set to Aa3 (high grade). Long-term bank deposit rating is Aa3 (high grade). Baseline credit assessment is a2. Short-term rating is not assigned.
|Long-Term Bank Deposit Rating||Aa3|
|Baseline Credit Assessment||a2|
Outlook for the ratings of Close Brothers Limited is set to stable (not likely to change).
|Yes (up to 85 000 GBP per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in the United Kingdom are obliged to participate in the United Kingdom's deposit guarantee scheme.
In the case of Close Brothers Limited failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||private individuals, small companies|
|Maximum Protected Amount||85 000 GBP|
|Paid In Currency||GBP|
MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.
The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.
MFI ID of Close Brothers Limited is shown in the table below.
Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.