An increase in
The pair – which are owned by National Australia Bank – will increase such financial provision by £10 billion over the next two years, it was revealed today.
Such a pledge follows an announcement of pre-tax profits of £108 million in the year to September 30th.
The 2008-09 business results included a seven per cent rise in
Chief executive Lynne Peacock remarked: “We’ve kept our business safe, secure and in the best possible shape by maintaining a strong capital position and supporting our customers in these challenging times. We’re now moving up a gear.”
Earlier this month, chief economist at the Council of
He noted that “wholesale markets have begun to thaw”.