Bradford & Bingley posts statutory loss, lower underlying profit in H1; cautious on H2 trading - Update, World News

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Bradford & Bingley posts statutory loss, lower underlying profit in H1; cautious on H2 trading - Update
Sep 4, 2008 10:43

Friday, UK bank Bradford & Bingley Plc reported a staturoty loss in its first-half compared to a profit last year, due to charges related to its structured and treasury investments and lower net interest income. A significantly higher loan impairment loss also impacted the results negatively. However, the company had underlying profit before taxation, though lower than last year's.

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