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REFILE-UK's Clydesdale Bank posts 2.5 pct rise in H1 net interest income
May 24, 2016 / 6:31 AM / a year ago

REFILE-UK's Clydesdale Bank posts 2.5 pct rise in H1 net interest income

(Corrects Reuters Instrument Code in first paragraph to from )

May 24 (Reuters) - Clydesdale Bank Plc on Tuesday posted a 2.5 percent rise in first-half net interest income, helped by growth in mortgage lending and lower term deposit and wholesale funding costs.

The Glasgow-based lender, which made its London debut in February, reported a net interest income of 400 million pounds ($579.52 million) for the six months ended March 31, from 390 million pounds a year earlier.

Customer lending grew 2.8 percent while deposits were up 4.6 percent.

$1 = 0.6902 pounds Reporting by Aastha Agnihotri and Noor Zainab Hussain in Bengaluru; Editing by Sunil Nair

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