HBOS sees jump in annual profits - 2004-02-25
Britain's largest mortgage lender, HBOS, has posted a 29% jump in full-year profits.
The bank, created from the merger of Halifax and Bank of Scotland, saw its pre-tax profits rise to £3.8bn ($7.1bn), up from £2.9bn a year ago.
HBOS said low interest rates and the current shortage of housing stock would continue to underpin the property market in 2004.
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