AGL 38.15 Decreased By ▼ -1.43 (-3.61%)
AIRLINK 125.07 Decreased By ▼ -6.15 (-4.69%)
BOP 6.85 Increased By ▲ 0.04 (0.59%)
CNERGY 4.45 Decreased By ▼ -0.26 (-5.52%)
DCL 7.91 Decreased By ▼ -0.53 (-6.28%)
DFML 37.34 Decreased By ▼ -4.13 (-9.96%)
DGKC 77.77 Decreased By ▼ -4.32 (-5.26%)
FCCL 30.58 Decreased By ▼ -2.52 (-7.61%)
FFBL 68.86 Decreased By ▼ -4.01 (-5.5%)
FFL 11.86 Decreased By ▼ -0.40 (-3.26%)
HUBC 104.50 Decreased By ▼ -6.24 (-5.63%)
HUMNL 13.49 Decreased By ▼ -1.02 (-7.03%)
KEL 4.65 Decreased By ▼ -0.54 (-10.4%)
KOSM 7.17 Decreased By ▼ -0.44 (-5.78%)
MLCF 36.44 Decreased By ▼ -2.46 (-6.32%)
NBP 65.92 Increased By ▲ 1.91 (2.98%)
OGDC 179.53 Decreased By ▼ -13.29 (-6.89%)
PAEL 24.43 Decreased By ▼ -1.25 (-4.87%)
PIBTL 7.15 Decreased By ▼ -0.19 (-2.59%)
PPL 143.70 Decreased By ▼ -10.37 (-6.73%)
PRL 24.32 Decreased By ▼ -1.51 (-5.85%)
PTC 16.40 Decreased By ▼ -1.41 (-7.92%)
SEARL 78.57 Decreased By ▼ -3.73 (-4.53%)
TELE 7.22 Decreased By ▼ -0.54 (-6.96%)
TOMCL 31.97 Decreased By ▼ -1.49 (-4.45%)
TPLP 8.13 Decreased By ▼ -0.36 (-4.24%)
TREET 16.13 Decreased By ▼ -0.49 (-2.95%)
TRG 54.66 Decreased By ▼ -2.74 (-4.77%)
UNITY 27.50 Decreased By ▼ -0.01 (-0.04%)
WTL 1.29 Decreased By ▼ -0.08 (-5.84%)
BR100 10,089 Decreased By -415.2 (-3.95%)
BR30 29,509 Decreased By -1717.6 (-5.5%)
KSE100 94,574 Decreased By -3505.6 (-3.57%)
KSE30 29,445 Decreased By -1113.9 (-3.65%)

British banking giants Lloyds TSB and the Royal Bank of Scotland (RBoS) could join a bidding war for Abbey National, reports said Sunday.
The home loan specialist recommended an 8.9 billion pound (13.5 billion euro, 16.4 billion dollar) take-over bid from Spain's biggest bank Santander Central Hispano but HBoS announced last week that it was considering a counter-bid for its high-street rival.
A Lloyds TSB insider told Britain's The Mail on Sunday newspaper: "If other banks are thinking seriously about it, then we have to be ready just in case.
"We would probably be mad not to have a go if somebody else did," the source said.
British weekly The Observer said that RBoS is also preparing to throw its hat into the ring, with a team of senior executives investigating the benefits of launching a bid for Abbey, Britain's second-biggest mortgage lender.
A banker told the broadsheet: "RBoS may not want HBoS or another UK bank to have a clear run, and could well enter the fray."
The Competition Commission blocked an offer from Lloyds TSB three years ago, but the emergence of HBoS has changed the market.
The bank, Britain's biggest mortgage lender, was formed by the merger of home-loan specialist Halifax and Bank of Scotland, also in 2001.
A deal between Abbey and HBoS would sew up 34 percent of the British morgage market, but an RBoS link-up would command under 20 percent.
Abbey has a network of 741 branches and about 26,000 employees.

Copyright Agence France-Presse, 2004

Comments

Comments are closed.