UK: C&G INTRODUCES CHILDREN'S ACCOUNT

Article Abstract:

Cheltenham & Gloucester (C&G) has introduced an account for children which will benefit the Turtle Conservation Programme. For every new account, the programme will receive GBu 5. The interest rate is 5% gross, and is linked to the base rate of the Bank of England. The C&G is in partnership with the Marine Conservation Society on the project, reflecting the advantages of businesses and environmental groups collaborating. The UK government is running an project to save turtles, with which the introduction is timed.

Product introduction, Cheltenham and Gloucester Building Society

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UK: NATIONWIDE LENDING FALLS

Article Abstract:

Nationwide has reported a GB[pound] 1bn fall in net lending to GB[pound] 2.2bn in the first six months of 2000, from GB[pound] 3.2bn in the same period of 1999. The decline is attributed to increasing competition within the sector and has resulted in a market share reduction to 10.1%, from 15.4%. The company reported a 15.2% increase in pre-tax profits to GB[pound] 253.8mn, with new savings up GB[pound] 3.7bn.

Sales, profits & dividends, Nationwide Corp.

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UK: ABBEY NATIONAL'S NEW BANKING SUPERSTORE

Article Abstract:

Customers at Abbey National's store in Croydon will be able to drink Costa coffee, check their bank accounts on a Carphone Warehouse WAP phone and have their children entertained in a whole new banking experience.

Public affairs, Abbey National PLC

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