Clydesdale bank group to target SME customers from RBS

David Duffy CEO CYBG, Clydesdale Bank

CYBG, the Clydesdale and Yorkshire Bank group, is cranking up its operations to win more SME accounts as its makes ‘good progress’ towards its Virgin Money integration.

The acquisition of Virgin Money was completed on October 15 last year and the bank’s latest trading update was prepared on the basis of the combination with Virgin Money. First quarter mortgage growth of 1.5% to £60 billion benefited from a strong pipeline coming into the quarter and good customer retention.

David Duffy, chief executive officer of CYBG PLC, said: “The group has made a good start to the year and we are making encouraging progress on the initial stages of the three-year Virgin Money integration programme.

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