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Gross mortgage lending hits £20.6bn at Barclay

Gross Mortgage lending hits £20.6bn at Barclays

Gross mortgage lending at Barclays has hit £20.6bn for the first nine months of this year with net lending at £4.8bn.

The bank's interim management statment, published for the first nine months up to the end of September, Shows that its Core Tier 1 ratio was 10% well above the 7% required by the Basel lll agreement.  And overall impairments are down 31% to £4.3bn from £6.2bn last year.  Group profit before tax for the year-to-date is up 4% to £4.3bn from £4.1bn in 2009.

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