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Santander UK PLC (SANS_pa.L)

SANS_pa.L on London Stock Exchange

146.50GBp
28 Apr 2017
Change (% chg)

0.25 (+0.17%)
Prev Close
146.25
Open
146.25
Day's High
--
Day's Low
--
Volume
33,180
Avg. Vol
18,344
52-wk High
148.00
52-wk Low
128.00

Latest Key Developments (Source: Significant Developments)

Santander UK Q1 adjusted pretax profit rises
Wednesday, 26 Apr 2017 02:30am EDT 

April 26 (Reuters) - Santander UK Plc ::Q1 pretax profit 525 million stg.For Q1, broadly flat profit before tax of 525 mln stg; adjusted profit before tax 2 of 582 mln stg, up 6 pct year-on-year.Adjusting for banking reform costs and PPI provision charge, Q1 profit before tax was 582 mln stg, up 6 pct.Performance underpinned by operating income growth, cost discipline, and good credit quality that resulted in Q1 profit before tax of 525 mln stg.For Q1, net mortgage lending of (0.4) bln stg, reflecting management pricing actions in Q416 that impacted new mortgage approval.An additional provision charge for PPI, including Plevin, of 32 mln stg reflecting FCA final rules and guidance.Improved CET1 capital of 11.9 pct and a leverage ratio of 4.1 pct, driven by steady profit and capital generation.Q1 retail current account balances increased 1.0 bln stg.Q1 NIM of 1.51 pct and banking nim of 1.89 pct, up 3bps and 10bps, respectively, on 2016.Anticipate a changeable and potentially more challenging macro environment.Remain confident of our ongoing ability.2018 target of loyal retail customers 4.7 million, loyal SME and corporate customers 308,000, digital customers 6.5 million.  Full Article

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BRIEF-Santander UK Q1 adjusted pretax profit rises

* For Q1, broadly flat profit before tax of 525 mln stg; adjusted profit before tax 2 of 582 mln stg, up 6 pct year-on-year

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