Written question asked by Lord Oakeshott of Seagrove Bay (Liberal Democrat), in the House of Lords. It was answered by Lord Sassoon (Conservative) on Monday, 5 December 2011.
Banking: Northern Rock
- Question
- To ask Her Majesty’s Government what was the amount of excess regulatory capital within Northern Rock above the required 10 per cent tier 1 core capital ratio at the date on which its sale to Virgin Money was agreed.
- Answer
-
As reported in Northern Rock plc's half year results 2011, Northern Rock plc held tier 1 capital of £1.12 billion as at 30 June 2011. Northern Rock plc had a tier 1 capital ratio of 34.5 per cent as at 30 June 2011.
Secondary information
- Type
- Written question
- Reference
- 13714; 733 c108-9WA
- Session
- 2010-12
- Subjects
- Finance Sales Northern Rock plc Virgin Money
- Link
- View this Written question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2013-11-20 03:44:13 +0000
- URI
- http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1657992
- In Indexing
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- In Solr
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