Northern Rock plc · Newcastle United Kingdom ·(London: NRK)
Company Description
Phone: +44-191-285-7191
Fax: +44-191-284-8470
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This link will open in a new window Northern Rock has been the cornerstone for many home buyers in the UK. The mortgage and savings bank offers retail and wholesale residential mortgages, as well as savings accounts, personal loans, and insurance through more than 70 branches and mortgage centers throughout the UK. Northern Rock also offers savings programs though a single branch in Ireland and a Guernsey subsidiary offering offshore accounts. In 2008 the British government nationalized Northern Rock after the bank was snared by the global credit crisis. The company will be split into two parts -- a mortgage bank and an assets arm responsible for paying off Northern Rock's outstanding loans. To read the full description, subscribe now.
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Key Northern Rock plc Financials
| Company Type | Public - London: NRK Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $6,907.5 |
| Employees | 6,334 |
Northern Rock plc Executives
18 executives listed for Northern Rock plc's Newcastle, location.
| Title | Name & Bio | Contact |
| Chairman | Ron Sandler | Network |
| CEO | Gary Hoffman | Network |
| COO | David Baker | Network |
Competition
Competitive Landscape for Northern Rock plc
Demand is driven by consumer income and demographics. The profitability of individual companies depends on the correct assessment of repayment likelihood and effective collections activities. Large companies have an advantage in the ability to manage large portfolios of mortgage, auto, and credit card loans through sophisticated computer risk modeling. Small companies can compete effectively in the cash lending or sales finance segments, where a local or neighborhood presence is highly effective. The industry is capital-intensive; annual revenue per worker is about $430,000. To read the full description, subscribe now.Top Northern Rock plc Competitors
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