Egg expands its customer base

Egg, the internet banking firm, has announced that it signed up 362,000 new
customers in the first half of 2002, bringing its total customer base up to
2.3m.

For the six-month period to 30 June, Egg's UK operation recorded a pre-tax
profit of GBP8.7m (E13.7M), and losses of GBP1.2m (E1.89m) overall, as a
result of international expansion.

In the same period last year, Egg UK had losses of GBP61.7m (E97.21m).

Later this year, the company, which is 79 per cent owned by the insurance
firm Prudential, will launch its first international web site in France,
once Zebank has been acquired.

Europemedia

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