Hbos Heads for Record As Lending Policy Pays Off

Summary


HBOS, Britain's largest mortgage lender, today became the second of the High Street banks to tell investors that 2007 will be another record year with profits busting analysts's forecasts.

It said bad-debt write-offs would be lower than analysts had expected as its policy of tightening up lending criteria several years ago was paying off.

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Hbos Heads for Record As Lending Policy Pays Off

The City had expected bad-debt ...

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