NS&I provisional Q2 2015-16 results
Q2 2015-16 Net Financing of £2.4 billion
NS&I today published its un-audited quarterly results for the second quarter (July-September 2015) of the financial year 2015-16.
NS&I delivered £2.4 billion of Net Financing in Q2 2015-16, giving a year-to-date total of £7.8 billion.
NS&I’s latest quarterly Value Indicator figure was £67 million, giving a half year total of £89 million. NS&I’s target for 2015-16 is to deliver positive value, excluding the cost of the special Issue of savings bonds for people aged 65 and over.
|Qtr / year||Gross inflows||C&AIP*||Gross outflows||Net Financing||Total stock||Value Indicator|
*C&AIP is capitalised and accrued interest and prizes earned.
All figures are in £ billion (rounded). 2015-16 figures are unaudited and subject to change due to late transaction processing (evidence of identity), cancellation and any accounting adjustments.
NS&I reports quarterly on gross inflows and outflows, Net Financing and total stock. Each quarter, NS&I release these unaudited figures and publishes the Annual Report and audited accounts each financial year.
Notes to Editors
- NS&I is one of the largest savings organisations in the UK, offering a range of savings and investments to more than 25 million customers. All products offer 100% capital security, because NS&I is backed by HM Treasury.
- Net Financing – the measure of the net change of NS&I funds, meaning total inflows from deposits, retention of maturing monies and capitalised and accrued interest, less the total outflows from withdrawals and interest or Premium Bonds prize draw payments. A positive Net Financing figure represents a positive contribution to government financing.
- Value Indicator – an indication of NS&I’s cost-effectiveness in raising finance for the Government. It compares the total cost of delivering Net Financing and servicing existing customers’ deposits with how much it would cost the Government to raise funds through the wholesale market via equivalent maturity gilts.
- For further information, or to request an interview, please contact the NS&I media team.