Capital and Funding

Capital Management

The Group’s capital management is focused on adequacy, efficiency and flexibility whilst maintaining balance sheet strength to support the overall Group strategy. The Group’s key objectives in relation to capital management are to optimise the returns to shareholders, support the Group’s growth and ensure that capital levels appropriately cover the Group’s risks. This involves ensuring an efficient mix of Tier 1 and Tier 2 capital, maintaining sufficient capital resources to satisfy regulatory requirements and meeting rating agency expectations.

Wholesale funding

The Group maintains a well-diversified wholesale funding portfolio by accessing a range of funding across senior, subordinated and secured debt markets (both offshore and domestic), as well as the domestic retail hybrid market. The prudent mix across maturity profiles, geographies and investors funds the Group’s business activity and growth.