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Our progress towards profitability is gathering momentum and
we achieved a number of significant milestones in the first half of
2013 as we continue to restore our businesses and divisions to
Our pre-provision operating profit is building strongly
Underlying operating profit before impairment provisions rose to
?380 million in the first half of 2013 ? an increase of ?343 million
on the same period in 2012.
This improvement was broadly based across the Group with all
divisions supporting the ongoing progress towards overall
Our Total income in the first half of 2013 was ?1,188 million, an
increase of 36% or ?313 million over the same period in 2012
due primarily to the increase in our Net Interest Margin and lower
core 1 14,2