RNS quotes - The Bank will optimise capital23 Oct 2019 18:18
Copied and pasted from the RNS:
'The Bank will optimise capital, continue to progress with its cost efficiency programme and target further income diversification.'
'Margin trends experienced in Q3 2019 are expected to continue into Q4 2019, in addition to the cost of servicing the senior non-preferred debt. Deposit growth will moderate in Q4 as we strike the right balance between growth, cost of deposits and capital efficiency.'
'The slow-down in the pace of the cost growth reflects delivery within the Bank's cost transformation programme. We expect cost growth to continue to moderate with low single digit growth in H2 2019 compared with H1 2019 with cost growth reflecting the current expansion of the business in Q4.'
'Net interest income in the third quarter was down 7% to £76.6 million (Q2 2019: £82.4 million)'