Midland may sell French mortgage bank
Language: English Series: Daily Telegraph ; 14/9/90 p22Publication details: 1990Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB2637-52 (Browse shelf(Opens below)) | 1 | Available | 65874-1001 |
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.