Bank of Scotland International has recorded strong financial result during 2006 and has seen operating profits increase to £39.4m from £37.8m in 2005.
Financial highlights include:
- A record year for savings balance growth, with the value of savings deposits increasing by 23%. In particular, Bank of Scotland International's fixed deposit offering has been spectacularly successful, contributing £600m of the £1bn increase in balances.
- £1bn additional Treasury deposits.
- The highest year-on-year increase in mortgage volumes, which increased by 56%. This was assisted by a strong sales performance and the distribution partnership with the UK BOS Residential Mortgages team.
Neale Smith, Finance Director at Bank of Scotland International, said,"These are strong results, reflecting a high level of commitment from all of our staff. Our growth strategies are really starting to pay off."
0 comments:
Post a Comment