Another Misunderstood Spin-Off, page-72

"Did you notice the revised outlook statement has removed any guidance on loan growth? Wasn't entirely unexpected but probably the only blemish as a result of brexit"

@zhanginu ,

See today's Capital Markets Day presentation.

Seems that loan growth targets unaffected by Brexit after all (still in mind-single digits, from previously stated objectives of 8% for retail and 4% of commercial....so slower for retail but a faster for commercial. But these growth rates are to be reached by 2019, a year earlier than previously planned.)

The big change in view is on the CIR, where they now looking at 55%-58% by 2019, compared to previously stated target of less than 60% by 2020.

Looks like they'v read the management self-help textbook, "How to Under-Promise and Over-Deliver"