Virgin Money UK Plc announces final results for FY 2019

  • Nov 28, 2019 GMT
  • Team Kalkine
  • NIM was recorded at 1.66% in line with guidance
  • Underlying costs were reduced by 6% to £942 million resulting in an underlying profit of £539 million
  • Statutory loss after tax was £194 million
  • CET 1 ratio stood at 13.3% as on 30 September 2019
  • On 28 November 2019, VMUK shares were trading at GBX 180.8 at GMT 09:52 AM, up 37 points or 26.43% from the previous day’s closing price level.

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?

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