Johannesburg - Investec aid on Thursday operating profit in the three months to end-June remained flat as a rise in costs crimped growth.
Investec, which is also listed in London, said total operating income was up 4% while operating costs increased by a similar margin.
Loans and advances shrunk 4% to £17.7bn but impairment losses also fell by 6%.
Third party assets under management decreased by 4% to £105.8bn.
Investec's shares are up 13% this year in Johannesburg, beating a 6.5% decline by the banking index.
Investec, which is also listed in London, said total operating income was up 4% while operating costs increased by a similar margin.
Loans and advances shrunk 4% to £17.7bn but impairment losses also fell by 6%.
Third party assets under management decreased by 4% to £105.8bn.
Investec's shares are up 13% this year in Johannesburg, beating a 6.5% decline by the banking index.