HBOS plc
HBOS: H1 2006 trading update
HBOS said trading for the first half of 2006 was “robust” with stable interest margins, a good contribution from non-interest income and tight cost control expected to drive earnings.
The company said it had maintained its market share in terms of net mortgage lending which may mean that volumes have dropped compared to last year due […]
HBOS: 2005 results
HBOS reported a 17% increase in pre-tax profits (to £4,808m) for the year to December 2005, driven largely by a good performance in corporate and overseas businesses. The bank delivered a sound overall performance, marred only by a 28% increase in bad debts.
Group impairment (ie bad debt) losses rose to £1,599m (2004 £1,255m) and the […]
HBOS: Trading statement
HBOS said trading for the year to December 2005 has been good and results are likely to exceed market expectations.
Revenue has been boosted by insurance and investment sales and non-interest income in from the banking businesses. International business is doing particularly well and will make up 12%-13% of pre-tax profits this year. Costs are expected […]
HBOS: H1 2005
HBOS reported strong results for the first half of the year with pre-tax profits up by 15% and underlying profits up by 19%.
Profits were driven by a strong performance in Corporate Banking (pre-tax profits rose by 29% to £757m), Insurance & Investment (pre-tax profits up 54% to £436m) and a steady performance in retail banking […]
HBOS: H1 trading statement
HBOS reported that trading for the first six months to June 2005 has been satisfactory but warned that non-performing loans have increased.
Loan growth is reportedly on target and interest margins have been maintained. The bank expects to deliver profit growth through cost control, something that we witnessed last year only what we expect when markets […]
HBOS
HBOS (the bank formed through the merger of the Halifax and the Bank of Scotland) posted improved pre-tax profits for the full year 2004. Profit before tax and exceptional items was up 23% to £4,770m. The principal drivers were good volume growth and good cost control. Loans and advances to customers grew […]
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