Summary
MORTGAGE giant Abbey provided a crumb of comfort for the bruised banking sector after unveiling a sharp fall in bad debts.
The Spanish-owned lender set aside Pounds 189m during the first three months of 2009 to cover soured loans - down from Pounds 234m in the previous quarter.See the full content of this document
Extract
A Ray of Hope for Bombed-Out Banks
The dramatic improvement helped to fuel a 25pc jump in Abbey's first-quarter pretax profits to Pounds 372m.
It also rais...See the full content of this document