Clydesdale Bank Unveil Excellent Set of Annual Financial Results

National Australia Bank Group, buyer of Clydesdale and Yorkshire Banks, has appear abounding year after-effects for its UK operations for the 12 months to 30 September 2008.

2008 Highlights: Comparison with 12 months to 30 September 2007

Profits

• Cash balance afterwards tax up 2.5% to £249m
• Underlying Profit up 11.9% to £518m
• Pre-tax accumulation maintained at £343m

Performance

• Net absorption assets up 8.1% to £879m
• Three after years of collapsed costs
• Cost Income arrangement bigger to 57.9% from 60.1% - down 220 base credibility in the year
• Retail and best appellation allotment covered 85% of lending
• Clydesdale Bank PLC’s (CB) abiding acclaim appraisement maintained at AA- by Standard & Poors, Aa3 by Moodys and AA- by Fitch

Quality growth

• Average gross loans and acceptances added 27.6% to £31.4bn (includes nabCapital transfer)
• Average retail bead balances added 16.7% to £18.2bn
• Robust asset above with a able-bodied secured, adapted portfolio
• Mortgage balances 90 Days Past Due abiding and beneath than bisected the UK industry average
• Provisions advantage arrangement maintained at 1.07%

Chief controlling Lynne Peacock said: “These after-effects authenticate the animation of our UK business, which has connected to bear a able trading achievement and abiding advantage in acutely arduous bazaar conditions.

“Differentiated in the UK by our adherence to the complete attempt of a acceptable cyberbanking model, the advisable advance of our business has been accurate by accomplished amount control, a accurate access to allotment as able-bodied as able acclaim and accident management.

“The able foundations of our Retail business underpinned accomplished bead advance counterbalanced with acceptable above mortgage business acquisition. Business cyberbanking through our chip Financial Solutions (iFS) centres aswell performed actual able-bodied whilst fine-tuning its accident settings.

“On around every measure, the achievement of our business compares actual favourably in the accepted bazaar and we abide advisedly focused on the advisable development of our business.”

Willie Mackie is managing accomplice of the Clydesdale Bank Financial Solutions Centre in Ayr, accoutrement the accomplished of Ayrshire.

He said: “In the accepted bread-and-butter altitude it is adorable to see Clydesdale Bank advertise such a set of able trading results.

“With a Core Tier 1 Capital Ratio of 7.6% we abide to crop a connected and acclimatized cardinal administration accurate by our bounded business model.

“Whilst the bazaar altitude over the accomplished 12 months accept become added challenging, we accept apparent our chump abject in Ayrshire increase.

“With so abundant ambiguity around, it is important to accumulate as abutting to our barter as possible.

“Across our commercial, agronomical and clandestine cyberbanking teams we are consistently out of the appointment acknowledging our audience as abundant as we can. Now added than ever, businesses ambition cyberbanking decisions fabricated bound and locally.

“In my experience, humans ambition to allege to the accommodation makers and altercate their own challenges and opportunities. We will abide to do this in Ayrshire to the best of our ability.”

Downloadable angel accessible at: http://www.ayrshirescotlandbusinessnews.com/2008/10/clydesdale-bank-unveil-excellent-set-of.html

THE ELITE AYRSHIRE BUSINESS CIRCLE

The Clydesdale Bank Financial Solutions Centre in Ayr is a architect affiliate of the Elite Ayrshire Business Circle.

The Elite Ayrshire Business Circle is an affiliation formed endure year of some of the top companies in Ayrshire.

Its purpose is to publicise its members, and to bless and advance the affluent assortment of industry, business and business casework accessible aural the canton boundaries of Ayrshire.

Members cover the Clydesdale Bank, Ayr Racecourse and the Western House Hotel, and affiliate aggregation activities cover architecture and construction, architectural practice, acreage agency and acreage management, accountant accountancy, allowance broking, acknowledged services, golf club management, business casework and casting creation, web architecture and accessible relations consultancy.

For added advice about The Elite Ayrshire Business Circle and to administer for membership, e-mail eliteayrshire@gmail.com

Founder associates of the Elite Ayrshire Business Circle:

Clydesdale Bank http://www.cbonline.co.uk
Ayr Racecourse http://www.ayr-racecourse.co.uk
Western House Hotel http://www.ayr-racecourse.co.uk/hotel.html
CKD Galbraith Property Consultants http://www.ckdgalbraith.co.uk
Frazer Coogans Solicitors http://www.frazercoogans.co.uk
Accident & Injury Claims Centre http://www.accidentclaims.com
MacKay Corporate Insurance Brokers http://www.mackaycorporate-brokers.com
Donald Ross Estate Agents: http://www.donaldross.co.uk
William Skinner & Son Building Contractors http://www.williamskinner.co.uk
Sinclair Scott Chartered Accountants http://www.sinclairscott.com
Paligap Creative Agency http://www.paligap.com
ARP Lorimer & Associates Architects http://www.arpl.co.uk
Brunston Castle Golf Club http://www.brunstoncastle.co.uk
Accident & Injury Claims Centre http://www.accidentclaims.com
Visimetrics http://www.visimetrics.com
Fouters Restaurant http://www.fouters.co.uk
Christie Financial Planning Ltd http://www.christiefp.com
Allison Lightbody Waddell Chartered Surveyors http://www.alwsurveyors.com
Kestrel Press http://www.kestrelpress.com
Fame Publicity Services Public Relations Consultancy http://www.famepublicity.co.uk
Easton Property
Easton Kitchens & Bathrooms

Enquiries: Murdoch MacDonald
Telephone: 01292 281498
Mobile: 07833 667322
E-mail: Murdoch@famepublicity.co.uk
Web: http://www.famepublicity.co.uk http://www.ayrshirescotlandbusinessnews.com http://www.ayrshirebusinessnews.com

Issued on account of the Elite Ayrshire Business Circle by Fame Publicity Services Public Relations Consultancy.