| Business Summary | | Abbey
National
PLC
and
its
subsidiaries
(the
Group)
constitute
a
major
financial
services
group
in
the
United
Kingdom.
Since
incorporation,
Abbey
National
has
continued
to
develop
all
its
principal
businesses
organically
and
through
acquisitions.
The
Group's
principal
businesses
are
United
Kingdom
Retail
Banking,
Wholesale
Banking,
Life
Insurance,
Finance
House
and
General
Insurance.
The
Group's
other
business
segments
are
Continental
Europe
(consisting
primarily
of
the
Group's
retail
banking
businesses
in
France
and
Italy),
Wealth
Management,
cahoot
and
Group
Central
Holdings. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Abbey
National
provides
personal
banking
services,
mortgage
financing,
and
underwrites
life
and
general
insurance
for
its
market
in
the
U.K.
For
the
six
months
ended
06/30/00,
interest
income
rose
14%
to
L5.44
billion.
Net
interest
income
after
loan
loss
prov.
rose
7%
to
L1.20
billion.
Net
income
applicable
to
Comm.
rose
2%
to
L606M.
Results
reflect
increases
in
wholesale
lending
and
asset-backed
investments,
partially
offset
by
higher
staff
costs. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Lord Tugendhat | Chairman | Ian Harley | CEO | Timothy Ingram | Managing
Director, Consumer Fin. | D. Gareth Jones | Managing
Director, Wholesale Banking | Andrew Pople | Managing
Director, Retail Division, Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|