Monday 9 July 2012

Chairmans' understatements

"The Bank's financial performance remains below what the Board believes acceptable". Chairman of Islamic Bank of Britain Plc which has not made a profit for at least 5 years.

"The Bank has improved its balance sheet position and is well positioned for growth in 2012". Chairman of Bank of Ireland (UK) Plc which made a pre-tax loss of £42 million for 2011.

"...solid underlying business performance...". Chairman of Bank of London & the Middle East Plc which made a pre-tax loss of £10.8 million for 2011.

2012/13 edition out

The new edition of Bank League Tables is out this week.