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Home > Company Index > Banking > Banking - Europe > Abbey National plc

Abbey National plc
 NEWS FROM THE STANDARD
Eurostocks Fall As Telco Equipment Makers Slide
Jul 09 2001 04:35 AM PDT

 PROFILE
There's little of the monastic about Abbey National. The bank's focus on things worldly and temporal pays off in its ranking as the UK's #2 mortgage lender (behind Halifax). Abbey National is also involved in retail, commercial, and wholesale banking; financial planning and wealth management; and consumer lending. It sells life insurance and pension products through subsidiaries Scottish Mutual Assurance and Abbey National Life. One of the UK's leading banks, Abbey National has some 750 branches throughout the UK; it also has operations in France and Italy.

 COMPETITION
Alliance & Leicester plc (AL)
Halifax plc (HFX)
Lloyds TSB Group plc (LLOY)

 DEALS
Deal: E-Loan Gets $40 in Investments
Date Announced: 04.25.00
Value of transaction (US $Mil): 40
Description: Online loan service receives funding from Charles Schwab, Abbey National, FT Ventures, Benchmark Capital and Technology Partners.

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 19,543.90
1-Yr. Sales Growth: 13.9%
Employees: 31,268
Revenue per employee: $625,044.77

 KEY PEOPLE
• Ian Harley
    CEO
• Mark A. Pain
    CFO

 CONTACT INFO
Abbey House, Baker St.
London NW1 6XL, United Kingdom
Phone: 44-0870-532-9430
Fax: 44-20-7486-2764
Online: Web Site

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