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Investegate |OSB GROUP PLC Announcements | OSB GROUP PLC: Directorate change


A
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Investegate |OSB GROUP PLC Announcements | OSB GROUP PLC: Trading Update


3 64.9 pence)
 
Common Equity Tier 1 (CET1) ratio strengthened to over 18% due to additional profitability in the second half. The potential impact of a 100% impairment of the funding line receivable of £28.6m would equate to only a 0.2% point reduction in the CET1 ratio as at 31 December 2020
4
Headline 2021 Guidance
Based on our pipeline, current application levels and risk appetite, we currently expect to deliver underlying net loan book growth for 2021 of c.10%, although we remain cognisant of continued uncertainty in the economic outlook. Based on current pricing and cost of funds, we expect underlying NIM for 2021 to return to 2019 levels. We expect the underlying cost to income ratio to be marginally higher in 2021, as the ratio in 2020 benefitted from higher income from gains on structured asset sales and lower discretionary spending in lockdowns. ....

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