Thursday 17 June 2010

2010 / 11 edition out

The new edition of Bank League Tables has just been published, price £191.50. Order online at www.searchlinepublishing.co.uk or 'phone 020 8468 7945.

More losses at Egg

Egg Banking Plc's accounts recently filed at Companies House do not make happy reading. Losses for 2009 amount to £211 million with an additional tax charge of £50 million. Four years ago Egg's total assets were £11 billion, at the end of 2009 they were £5.8 billion. Advances at the end of 2005 were £7+ billion, 2006 £6+ billion, 2007 £5+ billion, 2008 £4+ billion and 2009 £3+ billion. At this rate by the end of 2012 it won't be lending anything! No wonder the bank's up for sale!