Bradford & Bingley bank says suffers first-half loss (AFP)
29.08.2008 12:40 Finance
LONDON (AFP) - British mortgage lender Bradford & Bingley said on Friday that it had endured a net loss of 17.2 million pounds (21.3 million euros, 31.4 million dollars) in the first half of 2008.
The bank had posted profit after tax totalling 129 million pounds during the first six months of 2007.
"In the light of the turbulence in the banking and housing sectors, the first six months of this year have been very challenging for B&B," chairman Rod Kent said in a group earnings statement. He described the results as "disappointing."
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