Abbey bank plans to continue to increase lending loans
The Spanish owned UK’s Abbey Bank has post a 20 per cent increase in profits to £991m. With that healthy figures, they have announced they will continue to increase lending to small businesses and on mortgages. With some 28.9 per cent stake of the UK mortgage market, growth at Abbey was helped by a sharp £4.5 billion increase in customer deposits. Last year net mortgage lending at Abbey was £11.1 billion in 2008 alone and that is set to increase this year. |
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