CYBG returns to profitability in first results since ‘landmark’ Virgin Money acquisition

Yorkshire Bank’s parent, the Clydesdale and Yorkshire Banking Group (CYBG), has reported a return to statutory pre-tax profits in the half-year period in which it acquired Virgin Money in a £1.7bn deal. Reporting the first set of financial results for Virgin Money and CYBG as a combined business, covering the six month period to 31 March 2019, the listed group said statutory pre-tax profits stood at £42m; a rise from the statutory pre-tax losses of £95m in the same period last year.
The bank said underlying pre-tax p... You can carry on reading 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...