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CYBG PLC (CYBGC.L)

CYBGC.L on London Stock Exchange

348.40GBp
11:52am EDT
Change (% chg)

-0.40 (-0.11%)
Prev Close
348.80
Open
356.40
Day's High
356.40
Day's Low
347.80
Volume
743,520
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2,590,774
52-wk High
367.00
52-wk Low
277.70

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 quarterly trading in line; warns on mortgage lending competition

British lender CYBG Plc , which is buying rival Virgin Money , said on Monday its third-quarter trading was in line with its expectations, but cautioned that the mortgage market remained extremely competitive.