Economy Clydesdale Bank posts 2.5 percent rise in first-half net interest income

Clydesdale Bank posts 2.5 percent rise in first-half net interest income

A sign hangs outside a Clydesdale Bank in Edinburgh, Scotland, Britain February 3, 2016.
A sign hangs outside a Clydesdale Bank in Edinburgh, Scotland, Britain February 3, 2016.

Clydesdale Bank Plc CYBG.L on Tuesday posted a 2.5 percent rise in first-half net interest income, helped by growth in mortgage lending and lower term deposit and wholesale funding costs.

The Glasgow-based lender, which made its London debut in February, reported a net interest income of 400 million pounds for the six months ended March 31, from 390 million pounds a year earlier.

Customer lending grew 2.8 percent while deposits were up 4.6 percent.

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