Internet bank on target for 2003 break-even...
By Kate Hanaghan, 28 November 2001 14:20
NEWS Internet bank Intelligent Finance (IF) is on track to hit its 2003 break-even target.
As well as growing new business by £750m a month it has also increased its share of the net mortgage market to nine per cent from seven per cent.
IF is owned by HBoS, which was formed by the merger between the Halifax and Bank of Scotland.
IF is now worth £2bn in current and savings account balances.
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