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Midland may sell French mortgage bank

Midland may sell French mortgage bank - 1990 - Daily Telegraph 14/9/90 p22 .

Midland Bank is considering putting its French mortgage bank Banque Immobliere de Credit up for sale. Abbey National `s French mortgage subsidiary, Fico-France bought in January for £42m, is barely profitable because French banks are offering mortgages at artificially low rates.

Subjects--Topical Terms:
FRANCE
INTEREST RATES
MORTGAGES

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