Half Year Results Stated:
Half-Year Profit Narrows on Compensation Charges
Sees 2017 Net Interest Margin at 2.85%
Tangible Net Assets Per Share at June 30th at 52.4P
1st Half Operating Costs 1% Lower at GBP4.0B
1st Half Total Income +4% at £9.3B
1st Half Underlying Profit £4.5B
Declares Dividend of 1.0p
Backs Longer Term Guidance
Sees 2017 Net Interest Margin Close to 2.85%
Booked Extra £1B of Charges in 2nd Quarter, Primarily due to PPI
1st Half Loans and Advances Increased to £453B
1st Half Impairment Charge £268M
1st Half Underlying Return on Tangible Equity 16.6%
As of 8:22 the stock was trading down c.1.59% at c.68p