May 16, 2017 / 6:20 AM / 5 months ago

BRIEF-CYBG reports higher first-half profit

May 16 (Reuters) - Cybg Plc:

* Underlying profit before tax up 15 percent

* Net interest margin stable at 226bps

* Underlying earnings per share of 9.0p per share, up 25 percent on March 31, 2016

* Common equity tier 1 (cet1) ratio of 12.5 percent

* HY statutory profit before tax 46 mln stg, after deduction of restructuring and charges for legacy conduct matters

* HY net interest income 411 million stg versus 400 million stg year ago

* HY mortgage growth of 5 pct annualised was ahead of market - mortgage balances increased to 22.4 bln stg

* HY core sme book growth 3 pct annualised - over 1 bln stg of new loans and facilities granted

* On track to deliver planned underlying costs of 690 mln stg-700 mln stg

* Sees FY momentum in customer lending to deliver mid single digit pct growth

* Continuing to target a modest inaugural dividend with respect to FY2017

* Sees FY CET1 ratio comfortably within target range (12-13 pct)

* Sees strong and stable NIM for FY Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below