Vanquis Banking Reduces 2026 CET1 Ratio Guidance To >14.0% From >14.5%

By Reuters News

- Vanquis Banking Group PLC VANQ.L:

  • VANQUIS BANKING GRP - 3RD QUARTER TRADING STATEMENT

  • VANQUIS BANKING GROUP - CET1 RATIO GUIDANCE FOR 2026 REDUCED TO >14.0% FROM >14.5%

  • VANQUIS BANKING GROUP - NIM GUIDANCE C.14.5% FOR FY2026, >13% FOR FY2027 UNCHANGED

  • VANQUIS BANKING GROUP - GROSS CUSTOMER INTEREST-EARNING BALANCES GUIDANCE: C.£3.30 BILLION END-2026, C.£3.40 BILLION END-2027

  • VANQUIS BANKING GROUP: EXPECTS TO DELIVER IMPROVED PROFITABILITY IN BOTH 2027 AND 2028

  • VANQUIS BANKING GROUP - GROSS CUSTOMER INTEREST-EARNING BALANCES UP 5% IN Q3 2026 TO OVER £3.20 BILLION

  • VANQUIS BANKING GROUP - Q3-END COMMON EQUITY TIER 1 RATIO DOWN 80BPS TO 14.8%

  • VANQUIS BANKING GROUP - EXPECTS £30 MILLION-£35 MILLION TRANSFORMATION COST SAVINGS ACROSS 2026-2028

  • VANQUIS BANKING GROUP - STATUTORY ROTE EXPECTED TO BE NEGLIGIBLE IN 2026

  • VANQUIS BANKING GROUP - BOARD TO ANNOUNCE CEO SUCCESSION FOR IAN MCLAUGHLIN IN NOVEMBER 2026

  • VANQUIS BANKING GROUP - LEGAL PROCEEDINGS BETWEEN VANQUIS BANK AND TMS LEGAL CONCLUDED ON CONFIDENTIAL TERMS

Further company coverage: VANQ.L

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