Financial Times FT.com

Northern Rock accelerates mortgage lending

By Philip Stafford

Published: November 4 2009 09:05 | Last updated: November 4 2009 09:05

Northern Rock, state-owned bank, accelerated mortgage lending to customers in the past three months, which is expected to contribute to an improved performance in the second half.

The Newcastle-based lender said on Wednesday that third quarter figures to September 30 would show an improvement on an underlying and statutory basis following higher net interest income and lower loan loss impairment.

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