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Portman increases assets in 2000

Portman Building Society increased its total assets by 8 per cent to £6.8bn in 2000 from £6.3bn in 1999.

Performance in the savings market increased by 57 per cent with investors depositing £709m in 2000, up from £451m in 1999.

But gross residential lending fell 15 per cent to £1.2bn in 2000 from £1.4bn in 1999.

Portman chief executive Robert Sharpe says: “In spite of the competitive market, Portman has continued to grow. Our performance in the savings market has been nothing short of spactacular.”

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