Tuesday, 15 April 2008

Abbey Doubles Market Share

Analysts think that the Abbey was responsible for 1 in 6 new home loans in the first quarter of this year - doubling it's market share of 9% in 2006 to 17% now. It is partly prtected from the problems other banks are currently experiencing as it's Spanish owners, Santander, can use the European Central Bank for borrowing.

Abbey is now the second biggest UK lender, behind HBOS.

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