Clydesdale Bank posts first annual profit in five years

Clydesdale Bank posts first annual profit in five years
 

The Clydesdale and Yorkshire banking group (CYBG) has reported its first statutory profit for five years in its maiden annual results.
CYBG, which demerged from former owner National Australia Bank in February, posted pre-tax profits of £77m for the 12 months to 30 September.
This compared with a loss of £285m the previous year.
On an underlying basis, pre-tax profits for the Glasgow-based group rose by 39% to £221m.
CYBG described it as a "landmark year" for the bank.
Analysis by Douglas Fraser, BBC Scotland business and economy editor
The first full-year results from the... read more

 
22 November 2016 in Business, Views: 62
Source: BBC
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