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CYBG PLC (CYBGC.L)

CYBGC.L on London Stock Exchange

300.20GBp
19 Jun 2018
Change (% chg)

-3.80 (-1.25%)
Prev Close
304.00
Open
300.80
Day's High
301.40
Day's Low
298.80
Volume
804,828
Avg. Vol
2,102,885
52-wk High
341.60
52-wk Low
264.60

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

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Britain's small banks ripe for takeover as CYBG and Virgin Money deal looms

LONDON Shares in lender CYBG rose as much as 3 percent on Monday after it announced a revised bid for rival Virgin Money , increasing the likelihood of a deal that would create a new competitor to Britain's biggest banks.