/24-7PressRelease/ - LONDON, UK, June 15, 2006 - Alliance & Leicester has been announced as a much stronger performer in mortgage lending. The group's unsecured loan balances remained the same in comparison to the end of 2005 at 3.5bn.
Alliance & Leicester has announced to be a stronger mortgage lender in UK for the first quarter of the year 2006. As claimed by the bank unsecured personal loan gross advances were 565m in the first quarter of 2006 while compared to 890m in the same period last year. Unsecured loan balances of the group remained the same in comparison to the end of 2005 at 3.5bn.
The bank told that the gross lending in the first quarter of the year 2006 was 3.2bn. It means the bank had a market share of 4.3 percent. In 2005 net lending was 1.4bn, giving the company a market share of 6.3 percent.
However, the bank added that sales of new secured loan product are not to be highly estimated. It failed to make any material contribution in the first half of 2006.
For additional information on the news that is the subject of this press release or (or a copy demo or sample) contact webmaster or visit http://www.online-unsecured-loans.co.uk
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