Alliance & Leicester gives good performance

05 May 2005
Alliance & Leicester has revealed that it is performing well against strategic targets.

The bank's latest update shows that mortgage lending was up to £350 million in the first three months of the year, maintaining Alliance & Leicester's two per cent share of the UK market.

The figures, released in anticipation of the bank's annual shareholder's meeting, reveals a marked improvement on those at the end of 2004.

"We have seen good performance in all our core markets," the bank said in a statement.

Gross unsecured lending was worth £890 million for Alliance & Leicester in the first quarter of 2005, which compares well with last year's total figure of £2.3 billion.

The bank has pledged to improve efficiency and interest more customers in its financial products.

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