Car insurance helps drive up HBOS figures
03/03/2005
Banking giant HBOS has seen its profits boosted by a healthy performance in the car insurance sector.
Total profits surged by 23 per cent to £4.77 billion, with a further one million customers arriving at the high street bank.
The car insurance sector rose by 34 per cent, up to a massive £282 million.
HBOS also revealed that the strong profits would be handed on to staff at the bank.
The firm's 66,000 UK employees will each take home part of a bonus pool worth £200 million.
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