Investor Presentaiton

23 Sound asset quality 0.8% 0.7% 0.6% 1.14% 0.5% Credit loss ratio reduced to 17bps from 0.4% 56bps at Mar 2021, below the through-the- cycle range of 30 - 40 bps 0.3% 0.2% 0.38% Total income statement ECL impairment charges amounted to £25.2mn (Mar 2021: £71.2mn), mainly driven by: Lower specific impairments Net model releases due to updated macro-economic scenarios Modest management overlay 0.1% 0.0% 2018 2019 £'mn 120 100 288 80 increase to account for continued economic uncertainty 60 106 40 20 20 *Covid-19 impacted ECLS over the period Credit loss ratio trend 0.69% 0.56% 2020* ECL charge breakdown 0.17% 2021* 2022 76 71 25 25 2018 2019 2020 2021 2022

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