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Home > Company Index > Banking > Banking - Europe > Northern Rock plc

Northern Rock plc
 PROFILE
For many homeowners in Northern England and Scotland, Northern Rock is their cornerstone. The bank offers residential and commercial mortgages at about 10 mortgage centers in the UK. (Like many of its peers, Northern Rock converted from a building society, or mutual mortgage lender, in 1997.) In addition to its mortgage business, Northern Rock operates about 75 bank branches throughout the UK, offering deposit accounts and consumer and commercial loans. The company also offers a telephone-operated savings account program (Save Direct) and brokers insurance. Northern Rock has begun securitizing its mortgages.

 COMPETITION
Abbey National plc (ANL)
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 2,405.20
1-Yr. Sales Growth: 9.9%
Employees: 4,270
Revenue per employee: $563,278.69

 KEY PEOPLE
• Adam J. Applegarth
    CEO
• Robert F. Bennett
    CFO

 CONTACT INFO
Northern Rock House
Newcastle upon Tyne NE3 4PL, United Kingdom
Phone: 44-191-285-7191
Fax: 44-191-284-8470
Online: Web Site

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