![]() ![]() ![]() Increases in people costs and marketing spend have been largely offset by reductions in property and fraud costs. ![]() Despite the inflationary pressure, we have only seen a small increase in operating expenses, of £3.2 million (0.8%) to £408.9 million (H1 2022: £405.7 million).Quarter 2 margin was 2.81% versus 2.86% in quarter 1. Year on year we have seen an increase in net interest margin to 2.84% for the 6 months to June 2023 (June 2022: 2.47%). The main driver was higher income which increased by £58.0 million (11.0%) to £584.5 million (H1 2022: £526.5 million) primarily reflecting the impact of the higher rate environment, partially offset by lower mortgage margins in a highly competitive market.TSB reported a statutory profit before tax of £147.9 million for the first half of 2023, an increase of £45.0 million (43.7%) compared to £102.9 million in the first half of 2022."įinancial Results for first half of 2023: I’m proud that TSB continues to be there to support our customers, and I want to thank colleagues for going above and beyond to look after them. "At a time when many of our customers are having to manage rising costs, our Money Confidence purpose couldn’t be more relevant. ![]() We’ve made it easier than ever before for our customers to talk to our highly skilled experts in branches, over the phone and through video banking, as well as improving services through our digital channels." "These results reflect the strong progress we’ve made to deliver both a better service and more value to TSB customers. Robin Bulloch, TSB’s Chief Executive Officer, said: TSB Bank plc is covered by the Financial Services Compensation Scheme and the Financial Ombudsman Service.TSB reports a statutory profit before tax of £147.9 million for the first half of 2023 (until 30 June), an increase of £45.0 million (43.7%) compared to £102.9 million in the first half of 2022. Registered in Scotland, no SC95237.Īuthorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 191240. Registered office: Henry Duncan House, 120 George Street, Edinburgh EH2 4LH. In some countries it may be illegal to use some internet and mobile banking services. Our app and services may be affected by your phone's signal and functionality. Terms and conditions apply, see 'Ways to bank with us' on. This app is intended for TSB personal Internet Banking customers. Ĝheck our service status to see if everything is running as it should be: tsb.co.uk/outage.If you’re having trouble logging in, follow our helpful interactive guide: tsb.co.uk/login-issues.Have you looked at our mobile app FAQs: tsb.co.uk/help/mobile-app/faqs?.To use Face ID you need the iPhone X or later.To use Touch ID requires at least an iPhone 5S.You'll need to be a UK resident to apply for new products. You’ll need to be a personal TSB customer and have a device running iOS 11 or above.Identify a payment by the retailer logo next to the transaction.Log in securely with your fingerprint or face ID.Manage your money on the go – check your balance, pay a bill, send money, move money – into a savings account or into a Savings Pot. ![]()
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