Yorkshire Bank group returns to statutory loss
Yorkshire Bank’s parent, the Clydesdale and Yorkshire Banking Group (CYBG), has made a statutory loss of £95m during the first six months of the current financial years as legacy conduct issues marred an improvement in performance.
Reporting on the six months ended 31 March 2018, the bank booked £220m in conduct charges as an exceptional item in the six months to March. This meant that despite a 28% increase in its underlying profits, to £158m, it recorded a statutory pre-tax loss of £95m.
Within the period, CYBG also spe... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
