July 30, 2018 / 6:30 AM / 4 months ago

Lender CYBG says third-quarter trading in line with expectations

July 30 (Reuters) - Lender CYBG Plc said on Monday its third-quarter trading was in line with its expectations, but cautioned that the mortgage market remained extremely competitive.

The company, which is buying rival challenger bank Virgin Money, said new business lending to small- and medium-sized businesses rose 4.7 percent to 7.1 billion pounds ($9.31 billion) in the three months ended June 30.

CYBG’s mortgage balances grew 3.8 percent to 24.2 billion pounds during the nine months to June 30. ($1 = 0.7628 pounds) (Reporting by Noor Zainab Hussain and Muvija M in Bengaluru; Editing by Amrutha Gayathri)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below