Friday, October 30, 2009

Abbey Increases Its Share of UK Mortgage Market to 20%

Abbey Increases Its Share of UK Mortgage Market to 20%

Profits for the first three quarters of 2009 of the Abbey bank, owned by the Spanish banking group Santander, grew significantly as the lender increased its share of the UK mortgage market. Profits of the UK division of Santander Group, which also owns 2 other British banks, Alliance & Leicester and Bradford & Bingley, increased to £1.16 billion, up from £849 million by 37%.

Posted by uch1405 @ 11:06 AM (675 views)
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2 thoughts on “Abbey Increases Its Share of UK Mortgage Market to 20%

  • fallingbuzzard says:

    Surprised that In see no commenbts on that

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  • fallingbuzzard says:

    Can’t type. Surprised that i see no comments on that. It spooked me because RBS/NatWest/ HBOS and Lloyds should have been squeezing Abbey. I’ll be interested to see if the trend has repeated for commercial lending, because it certainly shouldn’t have.

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