International
Our Strategy
We aim to grow our International profile by taking the successful UK strategy and deploying it in international markets in which we have experience of operating.
Key Performance Indicators
Our key performance indicators are used to measure progress against our strategy.
Australia – building the franchise nationwide
In 2007 we commenced a three to four year programme of branch openings aimed at creating a nationwide retail and business banking branch network. We aim to grow by offering simple products, priced aggressively, through this expanded network. Our niche businesses, Corporate Banking and Asset Finance, will continue to grow strongly in their selected markets.
Loans and Advances to Customers
Impaired loans as a % of closing balances
Ireland – creating a full service bank
Our aim is to be the fourth largest full service bank in Ireland by 2009. We intend to complete our opening of our nationwide network of branches, distinguished by the unique Halifax approach to retail banking, in early 2008. This will provide the platform for us to aggressively expand our franchise.
Loans and Advances to Customers
Impaired loans as a % of closing balances
ENA – expansion in our specialist sectors
Our aim is to broaden the ENA business footprint by both investing in new distribution channels and geographies and developing opportunities in new markets.
Loans and Advances to Customers
Impaired loans as a % of closing balances
Cost leadership
Investment in our International operations, particularly distribution, will be undertaken with the aim of maximising efficiency.
Cost:income ratio
* 2006 figures have been restated, as announced on 12 June 2007, to reflect the divisional reorganisation and the change in definition of underlying.