Yorkshire Bank shows a creditable performance

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YORKSHIRE Bank has been in the money during the last six months, its interim results have revealed.

Figures for the six months up to March 31 show that Clydesdale and Yorkshire Banks, owned by the National Australia Bank Group, saw pre-tax cash earnings up by 25 per cent on the same period last year to £101m.

Cash earnings rose by 26 per cent to £77m.

There was £3.3bn of new business and mortgage lending.

Chief executive Lynne Peacock, who will leave the bank in July, said: “As I prepare to pass the baton to David Thorburn and a very strong UK management team, I am proud to reflect on what we have achieved in transforming this business over the past seven years.

“While national economic recovery will continue to provide challenges, we have kept Clydesdale and Yorkshire Banks safe, strong and very well placed to capitalise on future growth opportunities.”

Average retail customer deposits grew in the last six months by £900m to £23.4bn.

The banks say they continue to attract small and mid-corporate trading businesses, as well as a growing mortgage business.

Clydesdale and Yorkshire Banks are based in Glasgow.

Stephen Blake of the CMA  Photo: Vikki Ellis

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