Widows sees earnings rise
SCOTTISH Widows Bank has reported a 5.3 per cent jump in annual profits to £30.4 million.
The Edinburgh-based internet and telephone operation said the rise reflected the underlying strength of the business.
Despite a challenging market, SWB achieved a 4.3 per cent rise in net mortgage growth to 240m, taking total retail lending at the end of December to 5.86bn.
However, there was a 5.4 per cent slide in overall retail deposits to 2.54 billion, which SWB's managing director Graeme Hartop said was a result of intense price-led competition in the savings market.
"Our overall performance last year was strong, against a background of considerable change and volatility in the market," he added.
Email to a friend
Print this page- Rangers run into the ground as furious HMRC battles to claw back tax
- Broken Rangers: Club signals intention to go into administration
- Rangers: ‘Crisis will soon be over and Rangers FC will survive’
- Scottish independence: David Cameron offers a deal to reject independence
- Scottish independence: David Cameron set to snub Alex Salmond’s separation talks bid
- Scottish independence: David Cameron offers a deal to reject independence
- Devo-max merely a dodgy back-up plan to save SNP, says Jim Sillars
- Scottish independence: No breakthrough in talks between Alex Salmond and Michael Moore
- The Rumour Mill: Thursday’s football news and gossip
- Scottish independence: David Cameron set to snub Alex Salmond’s separation talks bid
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Edinburgh
Saturday 18 February 2012
Today
Cloudy
Temperature: -2 C to 7 C
Wind Speed: 26 mph
Wind direction: West
Tomorrow
Sunny spells
Temperature: 2 C to 5 C
Wind Speed: 14 mph
Wind direction: West
