RE: SP price1 May 2020 08:22
The impairment charge in the quarter increased significantly to £1,430 million, primarily driven by updates to the
Group’s economic outlook and some charges relating to existing restructuring cases. Given the economic outlook
we will inevitably be impacted both within the existing book and potentially in the new lending we are undertaking
to support our customers. However, the Group’s loan portfolio remains robust and well positioned given its low risk
business model
Balance sheet strength maintained with capital, funding and liquidity remaining strong