Sainsbury's Credit Presentation Deck
Continued focus on our strategy
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Objective
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Vision
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To be the provider of Financial Services for loyal Sainsbury's Group Customers
An agile, capital and cost efficient provider of simple, mobile-led financial services
Reshape
the Balance Sheet
Stop mortgage origination
Improve margins
Deposits
AFS
Develop AFS proposition
Improve card & insurance momentum
• New FS model with Nectar at the core
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Priorities
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Simplify
the Organisation
Right size the cost base
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• Rationalise products
• Review vendor/supplier
arrangements
Optimise cross-Group synergies
• Focus on:
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Strengthen
the Business
- Operational resilience
Conduct
- Capital efficiency
Build core competency in:
Customer experience
Digital
Data and analytics
Credit/ Operational risk
- Partnerships
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