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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  CYBG    CYBG   GB00BD6GN030

CYBG (CYBG)
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Delayed Quote. Delayed  - 07/19 05:35:00 pm
329.6 GBp   +0.18%
07/19CYBG : Form 8.5 (EPT/NON-RI) CYBG Plc- Amendment
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07/19CYBG : Form 8.5 (EPT/RI) - Replaces CYBG plc
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07/19CYBG : Form 8.3 - CYBG plc - Ordinary shares
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CYBG : British lender CYBG to take 39 million pound charge for legacy conduct costs

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11/02/2017 | 09:01am CEST

(Reuters) - British lender CYBG (>> CYBG), spun off from National Australia Bank (>> National Australia Bank Ltd.)(NAB), will take a pretax charge of 39 million pounds ($51.7 million) to help to cover the cost of the UK's payment protection insurance mis-selling scandal.

(Reuters) - British lender CYBG (>> CYBG), spun off from National Australia Bank (>> National Australia Bank Ltd.)(NAB), will take a pretax charge of 39 million pounds ($51.7 million) to help to cover the cost of the UK's payment protection insurance mis-selling scandal.

CYBG said on Thursday that it is lifting provisions for so-called "legacy conduct costs" by 403 million pounds as of the end of September.

Under an agreement it has with former parent NAB, CYBG is required to fund 9.7 percent of this provision increase, resulting in the 39 million pound charge, it said.

This will hit CYBG's 2017 CET1 capital ratio by about 20 basis points for 2017, though the ratio will remain "comfortably within its 12-13 percent guidance range", the lender added.

($1 = 0.7545 pounds)

(Reporting by Noor Zainab Hussain in Bengaluru; Editing by David Goodman)

Stocks treated in this article : National Australia Bank Ltd., CYBG
Stocks mentioned in the article
ChangeLast1st jan.
CYBG 0.18% 329.6 Delayed Quote.-2.97%
NATIONAL AUSTRALIA BANK LTD. 0.61% 28.12 End-of-day quote.-4.90%
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Financials (GBP)
Sales 2018 1 025 M
EBIT 2018 325 M
Net income 2018 46,4 M
Debt 2018 -
Yield 2018 1,48%
P/E ratio 2018 80,84
P/E ratio 2019 13,77
Capi. / Sales 2018 2,87x
Capi. / Sales 2019 2,77x
Capitalization 2 938 M
Chart CYBG
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CYBG Technical Analysis Chart | CYBG | GB00BD6GN030 | 4-Traders
Technical analysis trends CYBG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 3,11  GBP
Spread / Average Target -5,4%
EPS Revisions
Managers
NameTitle
David Joseph Duffy Chief Executive Officer & Executive Director
James Neilson Pettigrew Executive Chairman
Debbie Anne Crosbie Chief Operating Officer & Executive Director
Ian Stuart Smith Chief Financial Officer & Executive Director
David Jonathan Bennett Deputy Chairman
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