New Business Total new business lending increased by 2.4% in the quarter and 7.1% compared to Q1 2020. Volumes reflected a combination of lower activity due to the continuation of lockdowns and the commencement of a phased return to pre-pandemic lending criteria in Motor Finance. Lending The loan book contracted by 1%. Business Finance and Consumer Finance combined lending remained static, with the reduction predominately a result of the amortisation of the closed Asset Finance and Consumer Mortgage books. Credit performance remained benign. Deposits Customer deposits continue to be managed in line with funding requirements and effective management of the product mix contributed to a further reduction in the cost of funds.