HALIFAX BANK OF SCOTLAND yesterday said it was on track to increase profits by 7% this year after it regained its share of the mortgage lending market, reports The Scotsman .
Edinburgh-based HBOS said in a trading statement it was "comfortable" with analysts' predictions pre-tax profit would climb to £5.2bn in 2006, up from £4.8bn a year ago. It added the year had got off to a "robust" start. HBOS, the UK's largest mortgage lender, said its share of net mortgage lending was 17% in the first half. The bank's share of new mortgages fell to 11% in the second half of 2005. The bank also said sales of investment and savings products were strong. HBOS gets £1 out of every £8 put into new investment products in the UK. But the bank's trading update received only a ...
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