International profit
Underlying profit before tax increased by 23% to £757m
(2006 £617m).
Irish-Spanish property service
A dedicated Dublin based team is now on hand to guide potential Irish property buyers through the entire Spanish mortgage application process.
Caring mortgages
An innovative mortgage concept supported by Bank of Scotland The Netherlands allows customers to donate to building projects in developing countries when they buy their new home.
Growing wealth business
St Andrew’s Australia, the
wealth and insurance arm of HBOS Australia, acquired Whittaker Macnaught,
one of Australia’s largest independently-owned financial planning practices, increasing funds under management to nearly AUD$2bn and adding
20 advisers to the business.
BankWest blooms
In the largest banking network expansion ever undertaken in Australia, BankWest will open more than 160 new branches on the East Coast over the next three to four years.
Challenge to Australia’s big banks
In 2007, BankWest launched its ‘Regular Saver’ product, Australia’s highest interest rate savings product. At 8%, it directly challenges the nation’s four big banks.
Business Banking growth
BankWest reached new business customers on a national scale during the year with the opening of 13 new metropolitan and regional business centres.
Australian profits
Underlying profit before tax in Australia increased by 11% to £308m (2006 £278m).
Award-winning BankWest
At the annual Financial Review Blue Ribbon Awards BankWest won four blue ribbons, including Home Lender of the Year.
Clancy Quay Development
Announced in October 2007, Bank of Scotland (Ireland’s) joint venture will acquire and develop three key sites in Dublin with property developer David Kennedy’s company, Impala Ltd, and Formation Group plc.
Howard hits Ireland
Ireland’s first ever Halifax advertising campaign aired in February 2007.
Full-service banking in Ireland
Bank of Scotland (Ireland) launched its first ever current account in May 2007.
Canadian launch
HBOS Canada – focusing on specialist sectors such as natural resources and real estate – launched in July 2007.
Going Dutch
Bank of Scotland The Netherlands’ substantial expansion of its mortgage product distribution network provided a range of opportunities in the lucrative IFA market in 2007.
Overseas award for BHH
Banco Halifax Hispania secured the Best Mortgage Lender (Overseas Property) title in the prestigious 2007 Financial Adviser awards.
Moving to Spain?
A pilot scheme launched in October 2007, teaming up Halifax Estate Agents with Banco Hispania Halifax – offering Spanish properties for sale in partnership with international housing developers Taylor Woodrow.
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