B&B pays back £700m
27th July 2012
BRADFORD & Bingley repaid £700m of Government loans in the first half of the year, new figures show.
The number of B&B mortgage accounts three or more months in arrears also fell 19% to 7,064.
Pre-tax profits at the nationalised bank fell from £202.5m in the first half of 2011 to £45.7m in the six months to the end of June, largely as a result of increased interest on its Government loan.
Bradford & Bingley was nationalised in 2008 with the branches sold on but the mortgage book r......for the full story register now for free or login below...
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