LONDON, Oct 8 (Reuters) - Four of the UK banks lining up for
emergency capital made available by the government on Wednesday
are forecast to report 2008 profit half last year's 22.6 billion
pounds ($39.7 billion), but to rebound strongly in 2009.
Following are the four banks' 2007 pretax profits, in
millions of pounds, and analysts' median forecasts for this year
and next, as compiled by Reuters Estimates:
2007 2008 Change 2009
Barclays 7,076 5,766 -19% 6,598
HBOS 5,474 2,940 -46% 3,648
Lloyds 4,000 2,544 -36% 3,768
Royal Bank of 10,066 4,700 -53% 8,395
Scotland
Total 22,581 11,070 -51% 16,996
There are two other major London-listed banks -- HSBC , which said it had no
plans to use the government's
recapitalisation initiative, and Standard Chartered,
which said it would participate in the scheme "to the extent
that it makes commercial sense in the interest of shareholders".
Earlier, Britain announced the measures to shore up
confidence in the country's banking system, saying it would
provide 25 billion pounds initially for eight banks and building
societies, followed by at least another 25 billion pounds.
[ID:nL8586784].
(Reporting by Dan Lalor, editing by Will Waterman)
Keywords: FINANCIAL/BRITAIN BANKS PROFITS
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