The Halifax reports through five business sectors: Retail Operations, Consumer Credit, Personal Lines Insurance, Long Term Savings and Protection and Treasury. Retail Operations includes the Mortgages,Liquid Savings and Retail Banking businesses.
Retail Operations
Liquid Savings
Retail Banking
Mortgages
We satisfy the home buying requirements of a substantially larger number of customers than any other provider. Our share of UK residential mortgages remains the market leading position at an estimated 19%.
Halifax is the UK market leader with £74.3bn balances and a broad choice of products to meet the needs of savers. Our Halifax Savings Promise is designed to ensure that customers do not find their savings in accounts which are inappropriate for their needs.
Operating in a highly competitive market place we have been successful in attracting new current account business and have achieved an estimated 8% share of the 'new to banking' market.
Profit before tax and exceptional items
£m
Net interest income
1,996
Commissions, fees and other income
273
Operating expenses
(897)
Provisions
(74)
Profit
1,298
1996 Profit
1,087
Key facts
