The group is substantially customer funded, with prudent access to wholesale markets. Wholesale funding supports a structurally sound balance sheet, and provides cost-effective funding to the banking business.
Clydesdale Bank has a suite of structured funding programmes as part of its wholesale funding activities.
Clydesdale Bank has established a regulated covered bond programme as part of its wholesale funding activities.
Clydesdale Bank originates mortgage assets, and uses securitisation programmes as part of its wholesale funding activities.
When it comes to capital management, we aim to do three things: optimise returns to shareholders, support the growth requirements of the business, and satisfy the needs of regulators and rating agencies.
This involves making sure that we have an efficient mix of capital (Tier 1 and Tier 2) to cover regulatory needs and rating agency expectations.