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H1 2022 Results Announcement Fixed Income Investor Call
Statutory PBT of £3.7bn and RoTE of 10.1% in H122
Impairment: Q222 charge of £0.2bn, reflecting lower unsecured lending balances and maintained appropriate coverage ratios
Retaining management adjustments due to uncertainty
13-14% CET1 ratio target continues to provide appropriate headroom above evolving MDA hurdle
Capital structure well managed
MREL position well established
Resolvability Assessment Framework – no shortcomings across all areas of assessment
High quality liquidity position
Strategic priority to maintain strong ratings
Sustainable finance activities through Treasury