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Skipton posts record 8 per cent profit rise

Skipton has posted record results with pre-tax profits up 8 per cent to £40.1m.


Group gross mortgage lending was up 22 per cent to £842.7m and assets increased 16 per cent to £4,377m.


Skipton chief executive John Goodfellow says: &#34The market within which we operate is becoming ever more competitive and this is reflected in the Group&#39s interest margin which has constantly narrowed throughout 1998.&#34

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