Company Profile For Bradford & Bingley PLC

Bradford & Bingley plc is a financial services company focused on providing specialist mortgages and savings products. The Company offers residential mortgages, and focus on a range of areas providing mortgages for individuals. It focuses on its savings business and provides a range of savings products through 197 branches and network of 140 third-party branch-type agents, by phone, post and online. Bradford & Bingley also offers self-cert loans for individuals who have more income streams, including the self-employed, those with more than one job and those with significant bonus income. The Company’s other products include lifetime mortgages, which enable homeowners over 60 with significant equity in their property to release some of that equity to provide income or a lump sum. It offers financial services from a range of providers, including general insurance, wealth, protection and personal loan products.

BRIEF: For the six months ended 30 June 2008, Bradford & Bingley plc's interest income increased 8% to £1.53B. Net interest income after loan loss provision decreased 35% to £172.1M. Net loss totaled £17.2M vs. an income of £129M. Net interest income reflects growth in interest-earning assets, offset by higher interest on deposits. Net loss reflects the presence of embedded derivatives losses and higher administrative expenses.

Bradford & Bingley PLC
Croft Road
Crossflatts
Bingley   ENG   BD16 2UA
P: +441274.555555
F: +441274.554422

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