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Oct 31 2019, 08:35 GMT
This was a somewhat disappointing update given lower other income and higher impairment charges. However, and in contrast to peers, net interest margin (NIM) remains resilient at 2.88%. As in other quarters, payment protection insurance (PPI) is grabbing both the headlines and consuming free capital, indicating that there will be limited excess capital to return at year-end.
Oct 31 2019, 08:35 GMT