Pursuing a growth strategy

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Northern Rock is the eighth largest bank in the UK by market capitalisation. In other words the value of the shares in the business. Its main business is residential mortgage lending. It also carries out other lending activities, such as commercial and personal lending. In addition it offers insurance protection, in conjunction with its insurance partners. On the funding side of the business, Northern Rock offers its customers a competitive range of savings accounts. Northern Rock became a public limited company (PLC) in 1997, meaning…

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