0001193125-19-024604.txt : 20190201 0001193125-19-024604.hdr.sgml : 20190201 20190201061605 ACCESSION NUMBER: 0001193125-19-024604 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190201 FILED AS OF DATE: 20190201 DATE AS OF CHANGE: 20190201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Santander UK plc CENTRAL INDEX KEY: 0001087711 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL BANKS, NEC [6029] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14928 FILM NUMBER: 19557653 BUSINESS ADDRESS: STREET 1: 2 TRITON SQUARE, REGENT'S PLACE CITY: LONDON STATE: X0 ZIP: NW1 3AN BUSINESS PHONE: 011 44 870 607 6000 MAIL ADDRESS: STREET 1: 2 TRITON SQUARE, REGENT'S PLACE CITY: LONDON STATE: X0 ZIP: NW1 3AN FORMER COMPANY: FORMER CONFORMED NAME: ABBEY NATIONAL PLC DATE OF NAME CHANGE: 19990601 6-K 1 d656787d6k.htm 6-K 6-K

 

 

FORM 6-K

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16

of Securities Exchange Act of 1934

For the month of January 2019

 

 

SANTANDER UK PLC

(Translation of registrant’s name into English)

 

 

2 Triton Square, Regent’s

Place, London NW1 3AN, England

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F  ☒            Form 40-F  ☐

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes  ☐            No  ☒

 

 

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

    SANTANDER UK PLC

  Dated: 1 February 2019

    By / s / Marc Boston
    (Authorised Signatory)


Supplementary consolidated information for Santander UK plc and its controlled entities

Santander UK plc is the principal subsidiary of Santander UK Group Holdings plc, and is our ring-fenced bank. The summarised consolidated income statement, summary of segmental balance sheet assets and liabilities and summarised consolidated capital for Santander UK plc and its controlled entities are shown below.

The information in this Appendix is unaudited and does not constitute statutory accounts within the meaning of section 434 of the Companies Act 2006 or interim financial statements in accordance with International Accounting Standard 34 ‘Interim Financial Reporting’. The information in this Appendix has been prepared in accordance with Santander UK plc’s accounting policies described in its 2017 Annual Report on Form 20-F for the year ended 31 December 2017 filed with the SEC on 7 March 2018, except for the effects of the adoption of IFRS 9 with effect from 1 January 2018, as described in Note 1 to the Consolidated Financial Statements in the 2017 Annual Report.

 

Summarised consolidated income statement    2018     2017  
     £m     £m  

Net interest income

     3,603       3,803  

Non-interest income 1

     931       1,109  
  

 

 

   

 

 

 

Total operating income

     4,534       4,912  
  

 

 

   

 

 

 

Operating expenses before credit impairment losses, provisions and charges

     (2,579     (2,499
  

 

 

   

 

 

 

Credit impairment losses 2

     (153     (203

Provisions for other liabilities and charges

     (257     (393
  

 

 

   

 

 

 

Total operating impairment losses, provisions and charges

     (410     (596
  

 

 

   

 

 

 

Profit before tax

     1,545       1,817  

Tax on profit

     (441     (561
  

 

 

   

 

 

 

Profit after tax for the period

     1,104       1,256  
  

 

 

   

 

 

 
Summary of segmental balance sheet assets and liabilities    31.12.18     31.12.17  
     £bn     £bn  

Customer loans

    

Retail Banking

     172.8       168.7  

Corporate & Commercial Banking

     17.7       19.4  

Corporate & Investment Banking

     4.6       6.0  

Corporate Centre

     4.5       5.9  
  

 

 

   

 

 

 

Total customer loans

     199.6       200.0  

Other assets

     83.8       114.8  
  

 

 

   

 

 

 

Total assets

     283.4       314.8  
  

 

 

   

 

 

 

Customer deposits

    

Retail Banking

     142.1       143.8  

Corporate & Commercial Banking

     17.6       17.8  

Corporate & Investment Banking

     4.8       4.5  

Corporate Centre

     2.8       3.4  
  

 

 

   

 

 

 

Total customer deposits

     167.3       169.5  

Medium Term Funding 3

     48.9       40.6  

Other liabilities

     51.2       88.4  
  

 

 

   

 

 

 

Total liabilities

     267.4       298.5  
  

 

 

   

 

 

 

Shareholders’ equity

     15.8       16.1  

Non-controlling interests

     0.2       0.2  
  

 

 

   

 

 

 

Total liabilities and equity

     283.4       314.8  
  

 

 

   

 

 

 
Summarised consolidated capital    31.12.18     31.12.17  
     £bn     £bn  

Capital – CRD IV

    

Total qualifying regulatory capital

     15.9       16.7  

Risk-weighted assets (RWAs)

     78.5       87.0  

Total capital ratio

     20.3     19.2

 

1.

Comprised of ‘Net fee and commission income’ and ‘Net trading and other income’.


2.

Credit impairment losses for 2018 calculated on IFRS 9 basis. Prior periods have not been restated.

3.

Medium Term Funding includes downstreamed funding, in the form of loans that rank pari passu with existing senior unsecured liabilities, from Santander UK Group Holdings plc.

Disclaimer

Santander UK Group Holdings plc (Santander UK), Santander UK plc and Banco Santander caution that this announcement may contain forward-looking statements. Such forward-looking statements are found in various places throughout this announcement. Words such as “believes”, “anticipates”, “expects”, “intends”, “aims” and “plans” and other similar expressions are intended to identify forward-looking statements, but they are not the exclusive means of identifying such statements. Forward-looking statements include, without limitation, statements concerning our future business development and economic performance. These forward-looking statements are based on management’s current expectations, estimates and projections and both Santander UK and Banco Santander caution that these statements are not guarantees of future performance. We also caution readers that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. We have identified certain of these factors in the forward looking statements on page 259 of the Santander UK Group Holdings plc 2017 Annual Report. Investors and others should carefully consider the foregoing factors and other uncertainties and events. Undue reliance should not be placed on forward-looking statements when making decisions with respect to Santander UK, Santander UK plc, Banco Santander and/or their securities. Such forward-looking statements speak only as of the date on which they are made, and we do not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise. Statements as to historical performance, historical share price or financial accretion are not intended to mean that future performance, future share price or future earnings for any period will necessarily match or exceed those of any prior quarter. Nothing in this Quarterly Management Statement should be construed as a profit forecast.

Santander UK is a frequent issuer in the debt capital markets and regularly meets with investors via formal roadshows and other ad hoc meetings. In line with Santander UK’s usual practice, over the coming quarter it expects to meet with investors globally to discuss this Quarterly Management Statement, the results contained herein and other matters relating to Santander UK.