virgin money uk plc said tuesday that its performance for the first quarter of fiscal 2022 was in line with management expectations the financialservices company said it continued improving its deposit mix and funding costs as relationship deposits for the three months ended dec 31 rose 12 to 310 billion pounds 4169 billion while overall deposits fell 2 to gbp655 billion it added virgin money ended the period with a common equity tier 1 ratioa key measure of balancesheet strengthof 152 which increased around 30 basis points thanks to a strong profitability and lower riskweighted assets the londonlisted company said its net interest margin rose to 177 basis points from 170 basis points at the end of the fourth quarter of fiscal 2021 and that it has increased its outlook for reaching a net interest margin of 175 basis points for fiscal 2022