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CYBG PLC (CYBGC.L)

CYBGC.L on London Stock Exchange

292.80GBp
23 Feb 2018
Change (% chg)

-4.00 (-1.35%)
Prev Close
296.80
Open
294.80
Day's High
296.00
Day's Low
292.80
Volume
2,000,475
Avg. Vol
1,409,842
52-wk High
341.60
52-wk Low
257.10

Latest Key Developments (Source: Significant Developments)

CYBG Plc says FY ‍underlying pretax profit up 33 pct to 293 mln pounds​
Tuesday, 21 Nov 2017 02:00am EST 

Nov 21 (Reuters) - CYBG PLC ::‍FY18 GUIDANCE FOR NIM OF C.220BPS AND UNDERLYING COSTS 650M; MEDIUM-TERM GUIDANCE REITERATED.‍STATUTORY PROFIT INCLUDES IMPACT OF A CONDUCT CHARGE OF £58M PRIMARILY DUE TO HISTORICAL PAYMENT PROTECTION INSURANCE (PPI) MIS-SELLING​.‍HY STABLE NET INTEREST MARGIN OF 2.27%​.‍LENDING MARKET WILL, WE EXPECT, REMAIN COMPETITIVE, ESPECIALLY FOR HOME LOANS​.‍FY CORE SME LENDING UP 6% TO £6.8BN​.I‍T IS LIKELY THAT WE WILL SEE FUTURE PRICE PRESSURE IN MORTGAGE AND UNSECURED PERSONAL LOAN MARKET​.EXPECT TO SEE MODEST PRESSURE ON NET INTEREST MARGIN AND OUR NIM GUIDANCE FOR FY2018 IS 220BPS​.FY ‍UNDERLYING PROFIT BEFORE TAX UP 33% TO £293M​.‍FY CET1 RATIO OF 12.4%​.‍RECOMMENDING PAYMENT OF AN INAUGURAL DIVIDEND OF 1P PER SHARE​.  Full Article

CYBG bumps up provisions over legacy conduct costs
Thursday, 2 Nov 2017 03:00am EDT 

Nov 2 (Reuters) - CYBG PLC ::‍NAB HAS RECOGNISED A CHARGE IN CONNECTION WITH CLAIMS THAT HAVE BEEN, OR ARE EXPECTED TO BE, MADE BY CYBG​.CLAIMS ‍IN CONNECTION WITH CONDUCT INDEMNITY DEED BETWEEN CYBG AND NAB​.‍CYBG WILL INCREASE ITS PROVISIONS FOR LEGACY CONDUCT COSTS AS AT 30 SEPTEMBER 2017 BY £403 MILLION​.‍UNDER TERMS OF CONDUCT INDEMNITY DEED CYBG IS REQUIRED TO FUND 9.7 PCT OF THIS PROVISION INCREASE​.‍CYBG WILL RECOGNISE A FURTHER CHARGE OF £39 MILLION (PRE-TAX) IN ITS INCOME STATEMENT FOR TWELVE MONTH PERIOD ENDED 30 SEPTEMBER 2017​.‍THIS WILL IMPACT CYBG'S CET1 CAPITAL RATIO BY APPROXIMATELY 20 BPS AS AT 30 SEPTEMBER 2017​.  Full Article

CYBG says on track to deliver guidance for FY2017
Tuesday, 1 Aug 2017 02:15am EDT 

Aug 1 (Reuters) - Cybg Plc :Trading in three months to 30 june 2017 has been in line with its expectations.Solid mortgage growth of 5.8% (annualised) for nine months to 30 june.Nim increased to 2.29% (annualised) in nine months to 30 june.Management now expect underlying operating costs for full year to be below £680 million.Cybg plc - remain on track to deliver guidance for fy2017.Cet1 ratio of 12.4% at 30 june compared to 12.5% at 31 march.Cybg plc - now expect underlying operating expenses for fy17 to be below £680 million.Cybg plc - continue to target a modest inaugural dividend with respect to fy17.Unsecured personal lending balances grew 3.1% (annualised) in nine months to june to £1.2 billion.Continue to target a modest inaugural dividend with respect to fy17.  Full Article

CYBG says it notified RBS that it has withdrawn its offer for Williams & Glyn
Monday, 20 Feb 2017 02:35pm EST 

CYBG Plc : Update on preliminary non-binding proposal to the Royal Bank Of Scotland Group Plc . Notified RBS that it has withdrawn its preliminary non-binding proposal for, and ceased discussions relating to Williams & Glyn operations Further company coverage: [CYBGC.L] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

CYBG maintains FY guidance, sees no significant short-term Brexit impacts
Thursday, 28 Jul 2016 02:10am EDT 

CYBG Plc : Confirms that trading in 3 months to 30 June 2016 has been in line with expectations and prior guidance . Pleased that early customer reaction to b has been positive . New SME loans and facilities in 9 months to 30 June up 4 pct; mortgage book £21.7 billion at 30 June, annualised growth of 8 pct versus 30 Sept . SME gross loans and facilities granted in 9 months to 30 June were 4 pct higher than prior period .Following EU referendum, we are mindful of greater uncertainty now facing UK economy and how this will impact on our customers and demand for credit.  Full Article

CYBG says vote to leave the EU will have no immediate impact on the bank.
Friday, 24 Jun 2016 06:01am EDT 

CYBG Plc : Vote to leave the eu will have no immediate impact on the bank. . We, like all other businesses in the uk, will work with policy makers and regulators to understand and manage any potential consequences for our business. Further company coverage: [CYBGC.L] ((Bengaluru Newsroom +918067491136;)).  Full Article

CYBG first-half net interest income rises
Tuesday, 24 May 2016 02:44am EDT 

Cybg Plc : Half-Year report . Net interest margin in line with guidance at 225 bps, 2 bps increase versus FY 2015 . SME core book stable. Over £1 billion of new loans and facilities in H1, an increase of 10 pct .Expect our costs for year to be £730million, materially below our previous guidance.  Full Article

CYBG Plc appoints two independent non-executive directors
Thursday, 19 May 2016 05:48am EDT 

CYBG Plc : Appointment of Clive Adamson and Paul Coby as independent non-executive directors . They will both also join boards of CYB Investments Limited and Clydesdale Bank Plc . Clive Adamson will also be appointed a member of board's risk and audit committees .Paul Coby will join boards on 1 June 2016 and Adamson on 1 July 2016.  Full Article

UPDATE 1-Lender CYBG posts higher Q1 lending, warns mortgage growth to ease

Jan 30 Lender CYBG Plc posted higher mortgage lending in the first quarter, but said growth in the market would ease over the remainder of the financial year 2018.