Nat West shares jump as profit advances 49%

Article Abstract:

National Westminister Bank PLC 's announcement of a 49% increase in pre-tax profit for the first half of 1998 has prodded a 10% hike in stock prices. The bank's pre-tax profit went up to 967 million pounds sterling (($1.57 billion) from 648 million pounds sterling in the six months ending June 30, 1998. The after-tax return on equity of the bank went up to 18% from 12.5%. Natwest likewise reported the turnaround of its Coutts private-banking unit to earn 55 million pounds sterling in the first half of 1998 from a loss of 56 million pounds sterling on a same-business basis in 1997.

Comment:

Posts a 49% increase in pre-tax profit for the 1st half of 1998 to 967 mil pounds sterling from 648 mil pounds sterling in 1997

Investment Banking and Securities Dealing, Investment Banking, Investment banks, Article, National Westminister Bank PLC

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BNL profit soared to 175.6 million euros in the first half

Article Abstract:

Banca Nazionale del Lavoro (BNL) posted an improvement in its consolidated net profits for the first-half of 1999. The bank reported 340 billion lire (175.6 million euros) in net profits for the period. During the same period in 1998, BNL reported 82 billion lire. The bank posted a 5.1% rise in return-on-equity over the first half. Analysts believe BNL's ROE 1998 figures was between 5% and 6%.

Comment:

Posts improvement in consolidated net profits for first-half of 1999

Italy, All Other Nondepository Credit Intermediation, Finance Leasing, Lease financing, Banca Nazionale del Lavoro

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Provident's profit surges on growth of customer base

Article Abstract:

Provident Financial PLC posted an increase of 7.8% in its pretax profits for the 2001 first-half. The company posted 70.2 million pounds (115.2 million euros) in pretax profits for the period.

Consumer Lending, Personal credit institutions, Consumer Finance Institutions, Consumer finance companies, Provident Financial PLC

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