Advertisement
Singapore markets open in 4 hours 26 minutes

  • Straits Times Index

    3,287.75
    -5.38 (-0.16%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • Dow

    38,085.80
    -375.12 (-0.98%)
     

  • Nasdaq

    15,611.76
    -100.99 (-0.64%)
     

  • Bitcoin USD

    64,737.80
    +785.17 (+1.23%)
     

  • CMC Crypto 200

    1,394.13
    +11.56 (+0.84%)
     

  • FTSE 100

    8,078.86
    +38.48 (+0.48%)
     

  • Gold

    2,344.20
    +5.80 (+0.25%)
     

  • Crude Oil

    83.79
    +0.98 (+1.18%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • Nikkei

    37,628.48
    -831.60 (-2.16%)
     

  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     

  • FTSE Bursa Malaysia

    1,569.25
    -2.23 (-0.14%)
     

  • Jakarta Composite Index

    7,155.29
    -7,174.53 (-50.07%)
     

  • PSE Index

    6,574.88
    +2.13 (+0.03%)
     

Clydesdale Bank says trading steady ahead of February float

Reuters

LONDON (Reuters) - Britain's Clydesdale Bank (IPO-CLBP.L) said on Friday that trading in the three months to December was in line with expectations, with asset quality remaining strong as it readies to float in London and Australia next month.

The bank, which is being demerged from National Australia Bank (NAB.AX), reported 6.6 percent growth in its loan book on an annualised basis.

"Asset quality remains strong with continuing low impairment charges in the quarter," the bank said in a first-quarter trading update.

Net interest margin over the three months was stable and in line with guidance of 2.2 percent on an annualised basis, the company said.

(Reporting by Huw Jones; editing by Jason Neely)