Firstly, the text renders requirements for banks to publically disclose certain information more proportionate for smaller and less complex banks. A mandate is also given to the European Banking Authority with the aim to streamline reporting requirements. Secondly, where new prudential standards are intr...
·Profit for the period of £9.9 million (31 March 2023: £25.8 million). The decrease reflects the impact of lower electricity prices and increases to discount rates applied by the independent Valuation Agent. For further information refer to the financial review below. ·No new loans advanc...