CYBG PLC (CYBG) Shares

ABOUT CYBG PLC

CYBG plc is a holding company for Virgin Money UK, Clydesdale Bank, Yorkshire Bank as well as B, a digital banking platform.

It operates through two divisions – SME Banking and Retail Banking. SME Banking’s portfolio offers current accounts, loans, invoice and asset financing, business overdrafts, trade services, regular and online banking as well as other banking services.

These are offered to structured finance markets and small, corporate and commercial businesses.

The Retail Banking division offers savings and current accounts, mortgage loans, BTL loans, term deposits, overdrafts, investment and insurance options.

CYBG PLC is a FTSE 250 Index company. It employs nearly 6 500 people across the United Kingdom.

The company’s operational headquarters is in Glasgow, Scotland and it has a registered office in Leeds England.   

OVERVIEW OF CYBG PLC

• In 1987 Clydesdale Bank is purchased by the National Australia Bank. It then buys Yorkshire Bank in 1995.

• In 2005 Yorkshire becomes a division of Clydesdale and the two banks start operating under the same banking licence in the United Kingdom.

• In 2014 the two bank demerges and CYBG plc is created as a holding company. It lists on the Australian Securities Exchange as well as the London Stock Exchange.

• The company buys Virgin Money UK in 2018 for a price of £ 1.7 billion. It licences the Virgin Money brand at a price of £12 million annually. The transaction expands the company’s portfolio considerably.

• In 2019 the CYBG announces that it plans to change its name to Virgin Money UK plc with all its businesses merged under the Virgin Money brand.

VISION & VALUES OF CYBG PLC

• CYBG plc is committed to its corporate responsibility.

• The company creates opportunities to improve its business performance, acts with integrity and honesty as well as creating shareholder value and positive relationships.

• CYBG values innovation, commitment and ethical business standards.

• The company is committed to the happiness, safety and mental wellbeing of its employees.

• It minimizes its environmental footprint and contributes to charities and communities from which it operates.

MARKET PERFORMANCE OF CYBG PLC

• CYBG plc trades on the Financial Times Stock Exchange under the FTSE stock symbol “CYBG”.

• Data analysis for the company’s interim financial report for the six months ending 31 March 2019 reports a net interest income of £ 820 million. Total operating income is £ 926 million and total assets are £ 90,155 million.

• Gross loans and advances to customers are £ 72,670 million. Total customer deposits in the reported period are £ 61,688 million.

• Net interest income is £ 820 million and net cash provided by investing activities is £ 4,245 million.

• Cash and cash equivalents at the end of the period are £ 10,83 million. Regular dividends are paid on its common stock shares.