Section 172 Companies Act 2006 Statement of Compliance

In performance of their statutory duties in accordance with s172 (1) Companies Act 2006, the directors are required to consider the following items:

a) The likely consequences of any decision in the long term;
b) The interests of the company’s employees;
c) The need to foster the company’s business relationships with suppliers, customers and others;
d) The impact of the company’s operations on the community and the environment;
e) The desirability of the company maintaining a reputation for high standards of business conduct;
f) The need to act fairly as between members of the company.

The non-executive directors of the Bank Group are also directors of the Group and consider the importance of the stakeholders of the Group collectively, including that of all the Group’s subsidiary entities. As a result, for information on how the Group Board considers the requirements, please refer to the Group’s 2025 ARA.