November 18, 2017 12:54 PM ET

Banks

Company Overview of CYBG PLC

Company Overview

CYBG PLC, through its subsidiaries, provides retail and commercial banking products and services to individuals and businesses under the Clydesdale Bank, Yorkshire Bank, and B brands in the United Kingdom. It operates through SME Banking and Retail Banking segments. The company offers current accounts, savings accounts, business accounts, and term deposits; personal, car, investment, hire purchase, lease, term, and business loans, as well as overdrafts and invoice finance products; term lending products; credit cards; mortgages; and working capital solutions. It also provides home, car, travel, life and critical illness, commercial, and business vehicle insurance services; and payment, treas...

20 Merrion Way

Leeds,  LS2 8NZ

United Kingdom

Founded in 1838

7,673 Employees

Key Executives for CYBG PLC

Group CEO & Executive Director
Age: 55
Total Annual Compensation: 1.8M GBP
Group CFO & Executive Director
Age: 50
Total Annual Compensation: 828.0K GBP
Executive Director & Group COO
Age: 46
Total Annual Compensation: 810.0K GBP
Compensation as of Fiscal Year 2016.

CYBG PLC Key Developments

CYBG Reports Earnings Results for the Nine Months to June 2017; Provides Earnings Guidance for the Year 2017

CYBG reported earnings results for the nine months to June 2017. For the period, the company reported 2.3% rise in net interest income and said it expects to meet its full-year expectations. Net interest margin rose to 229 basis points from 226 basis points in six months to March, as deposit reprising help offset asset yield pressure. The company now expects underlying operating costs to be below £680 million which is testament to the success of restructuring programme.

CYBG PLC Presents at Goldman Sachs Twenty-First Annual European Financials Conference, Jun-09-2017 11:00 AM

CYBG PLC Presents at Goldman Sachs Twenty-First Annual European Financials Conference, Jun-09-2017 11:00 AM. Venue: The InterContinental Madrid, Paseo De La Castellana 49, Madrid, 28046, Spain. Speakers: Ian Smith, Chief Financial Officer and Executive Director, Owen Price, IR Manager.

CYBG PLC Reports Unaudited Consolidated Earnings Results for the Six Months Ended March 31, 2017

CYBG PLC reported unaudited consolidated earnings results for the six months ended March 31, 2017. For the period, the group reported net interest income of £411 million compared to £400 million a year ago. Total operating income was £497 million compared to £492 million a year ago. Profit on ordinary activities before tax was £46 million compared to £58 million a year ago. Profit for the period attributable to equity holders of £30 million compared to £36 million a year ago. Basic and diluted EPS was 1.7 pence compared to 1.4 pence a year ago. Net cash provided by operating activities was £222 million compared to net cash used in operating activities of £1,475 million a year ago. Purchase of tangible fixed assets was £8 million compared to £7 million a year ago. Purchase and development of intangible assets was £72 million compared to £49 million a year ago. Underlying profit on ordinary activities before tax was £123 million compared to £107 million a year ago. Underlying return on tangible equity was 6.3% against 4.5% a year ago. Underlying basic EPS was 9.0 pence against 7.2 pence a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 24, 2017
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Merger/Acquisition
November 30, 2016
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