Belfast Telegraph

State-owned banks in profit

The state-owned company that runs nationalised Northern Rock Asset Management and Bradford -amp; Bingley said both companies had profit last year.

Northern Rock AM made underlying profits of £277.4m in 2010, compared with a £313.4m loss the year before.

B-amp;B made underlying profits of £200.1m in 2010, compared with losses of £166.5m in 2009.

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