Wednesday, Feb 28, 2007

UK's largest mortgage lender posts results

Telegraph: HBOS cautious on lending

HBOS, owner of Halifax, posted its annual report yesterday. Its profits increased by nearly 20%, and it increased its dividend by 15%. Chief Exec Andy Hornby said the group's performance was moderated by concerns about bad debt and levels of unsecured personal lending, which it aims to scale back.

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