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Santander UK announces Q1 2020 results


Nathan Bostock, Chief Executive

The Covid-19 pandemic poses extraordinary challenges for our customers, and our focus has been to support individuals, families and businesses across the UK, by ensuring they are able to access the vital banking services they need across all our platforms. We welcome the unprecedented actions taken by the UK Government and the Bank of England to support the country’s economy and we are working with them and regulators to help households and businesses get the support they need. We have more to do but I am immensely proud of the huge efforts of all my colleagues and have full confidence that we will be able to do our share and more in the weeks ahead.”

Our first quarter results continued to be impacted by lower mortgage margins as well as the Covid-19 crisis. While it is too early to reliably estimate the financial and business impacts this crisis will have on our 2020 results, we believe that with strong foundations in place, including capital and liquidity, we will continue to be able to support our customers, our colleagues and the wider society.

Nathan Bostock Chief Executive Officer

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