Anglo Irish Bank

Article Abstract:

Irish economic growth of 10% for 1999 looks set to continue with low interest rates and the government's National Development Plan, and this has meant a rise in profits and loans for Anglo Irish Bank. The bank specializes in lending to smaller companies and this activity has better profit margins than Ireland's mortgage market. The bank is growing both organically and through acqusitions, and it has kept costs low, with no need to maintain a costly branch network due to a focus away from retail banking. There could still be a bad debt problem, especially once economic growth rates slow.

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Royal Bank of Scotland

Article Abstract:

Royal Bank of Scotland has succeded in a bid for NatWest, which will bring cost reductions, though morale appears to below at NatWest. Fox-Pitt, Kelton rates the bank's stocks a hold, Credit Lyonnais rates them an add, and Teather and Greenwood rates them a buy.

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Royal Bank of Scotland

Article Abstract:

Royal Bank of Scotland is restructuring following its acquisition of NatWest, and benefits from strong income growth.

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