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H1 2020 Results - Fixed Income Investor Call
Q220 impairment charge driven by updated economic forecasts and expectation of a slower recovery
Q220 impairment coverage ratios
Q220 CET1 ratio increased to 14.2%
Increase in IFRS 9 transitional relief, now at c.75bps
Continued to manage CET1 ratio with appropriate headroom above MDA through the stress
Well positioned to navigate headwinds to capital
Managing evolving future Group minimum leverage requirements
Stong legal entity capital and liquiditiy positions
Capital structure well established
Successfully transitioning to a HoldCo funding model
High quality liquidity position
Interest rate sensitivity
Strategic priority to maintain strong ratings