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Consensus

Disclaimer

The consensus summary was last updated on 15th June 2017. Consensus figures in the table below are based on forecasts to the extent they were provided by 19 analysts. Figures provided by analysts that do not relate to a specific line item have been excluded.

The consensus summary is publicly available information based on information, opinions, conclusions, estimates and/ or forecasts provided by independent analysts. It has not been produced, verified, supported or updated by CYBG PLC (“CYBG”). No representation or warranty, expressed or implied, is made to the fairness, accuracy completeness or correctness of the information, opinions, estimates, forecast, and/ or conclusions contained in the consensus summary. It is provided for information purposes only and is not intended to nor does it constitute or form part of any investment advice, offer to sell or issue, or invitation to purchase, or any solicitation of any offer to purchase, any assets, securities or other financial instruments of CYBG or any of its subsidiaries or affiliates. It has been prepared without taking into account the objectives, financial situation or needs of individuals. No part of it forms the basis of, or can be relied on in connection with, any contract or investment or credit decision or recommendation.  The receipt and/ or distribution of the consensus summary may, in certain jurisdictions, be restricted by law. Recipients are required to inform themselves about and observe any such restrictions.

The consensus summary may contain forward looking statements, estimates and/ or forecasts, which are based on assumptions, expectations, valuations, targets and/ or projections about future events. These are subject to risks and uncertainties about CYBG and its group, and their securities, investments and operating environment, meaning actual results may differ from those estimated or forecast in the consensus summary. Neither CYBG nor any other entity or person (a) makes any representation or warranty, express or implied, as to the accuracy, fairness, completeness or sufficiency of the consensus summary, (b) accepts any liability or responsibility whatsoever (whether in contract, tort or otherwise) for the consensus summary or decisions or actions taken based on the consensus summary, or (c) undertakes to update, revise or supplement the consensus summary.

Definition of certain management measures and ratios

Net interest margin (NIM)

Net interest income as a percentage of average interest earning assets. Net interest income is divided by average interest earning assets for a given period (excluding short term repos used for liquidity management purposes, amounts received under the Conduct Indemnity and not yet utilised, and any associated income).

Underlying ROTE

Underlying profit after tax less AT1 distributions net of tax as a percentage of average tangible equity (total equity less intangible assets excluding AT1) for a given period. Average tangible equity has been calculated using the tangible equity spot balances at each of the month ends of the applicable period.

Underlying cost to income ratio

Underlying total operating and administrative expenses as a percentage of underlying total operating income for a given period.

Underlying return on assets

Underlying profit after tax, before deduction of dividends and distributions as a percentage of average assets for a given period

CYBG consensus 15 June 2017 (EXCEL, opens in new window)