/24-7PressRelease/ - UNITED KINGDOM - March 11, 2006 - Consumers of five big banks in UK got highly furious when the banks revealed their combined profit of last year. The profits amount 33.4bn which equivalents more than 1,000 per second. This is likely to have an influence on investing and loan.
London: (www.loans-park.co.uk): 7March, 2006: The unveiling of profits of last year made by five big banks in UK made the consumers highly furious. The 33.4 bn profit is higher than the annual GDP of Bangladesh, Kuwait, Morocco, Luxemburg and such others countries.
Consumers severely criticised the banks because they thought that they had been overcharged and exploited. However, the banks were very quick with their response. The banks refuted themselves by saying that majority of the profit was earned away from the high streets in corporate banking and with international clients.
Strong reaction is shown by New Economic Foundation who accused that the profit hungry banks are abandoning the poor British people to loan sharks. So consumers are going away from the banks because the banks failed to earn their satisfaction.
Since the banks lent money irresponsibly there is chance that a large amount of it may not be repaid. In that case the banks may become pessimistic and make the process of lending harder. This will lead to the ultimate suffering of those who want or need a bank loan.
For further information on the news that is the subject of this press release (or for a copy, sample or demo) contact webmaster or visit: http://www.loans-park.co.uk
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