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Challenger Bank CYBG said net interest margins were likely to be at the lower end of guidance as mortgage loans and margins came under pressure in the third quarter of the year.
CYBG said net interest margin stood at 168 basis points for three month period ended June 30, down 3 basis points from the first half.
Its mortgage book fell 0.2% to £60.4bn pounds in the third quarter, while business lending was 0.5% higher, with personal lending up 5.7%.
Common equity tier one capital ratio - an important measure of financial performance - was up slightly to 14.6%.
The company said it expected to meet full-year expectations even as it warned that net interest margin for the full year to be at the lower end of its guidance of between 165 and 170 basis points.
'Even with the twin pressures of Brexit and the highly competitive mortgage market, we remain on track to deliver full year performance in line with our guidance,' Chief Executive Officer David Duffy said. x
At 9:24am: (LON:CYBG) CYBG Plc share price was -14.27p at 184.63p