The firm said that higher non-interest expenses had offset loan
The Fitch Core Capital (FCC) to total assets ratio was 20% at end-2017, down from 22% at end-2016, as income retention was insufficient to offset loan
The Royal Bank of Scotland (RBS) NatWest group raised rates by 0.25 percentage points on two mortgage products: its Offset loan
and the One account.
Your existing lender may offer an offset loan
, or consider First Direct (0800 482448), which has recently been offering this scheme at 2.08 percent interest.
Or, if you can't afford to say goodbye to your savings, see how much you could gain by transferring to an offset loan
A family offset loan
, where your parents' saving are set against your debt, will also allow you to borrow more at a reduced cost
The net runoff in other loan categories during the first quarter can be explained, in part, by the surge in loan growth in the latter part of 2015 that depleted the Company's loan pipeline, thereby reducing the source of new volume that would typically offset loan
payoffs in the normal course of business.
The bank said that its profit had dropped in the latest quarter, as merger-related costs offset loan
and deposit growth.
7 February 2012 - United Arab Emirates-based Union National Bank (ABD:UNB) saw a 19.2% drop in its fourth-quarter 2011 net profit to AED135m (USD36.8m/EUR28m) due to higher provisions to offset loan
exposure to entities within debt-saddled conglomerate Dubai Holding Group.
Here's another clue to the rise of the offset loan
: with no tax levied on savings income (because there isn't any), offset mortgages are more attractive to higherrate taxpayers because they avoid extra tax on savings interest.
A borrower with a pounds 100,000 offset loan
from Woolwich at 3.49% and holding pounds 10,000 in a linked savings account would pay interest only on the remaining pounds 90,000 - saving pounds 4,682.59 and knocking two years off the 25 year payment term.
The improvement was largely helped by smaller provisions the bank set aside to offset loan
defaults and a 26% rise in non-interest income that compensated for the subdued loan demand.