CYB 4.41% $2.17 cybg plc

"Did you notice the revised outlook statement has removed any...

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    "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"
 
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