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Northern Rock: Guernsey

Volume 474: debated on Tuesday 1 April 2008

To ask the Chancellor of the Exchequer what value of deposits in Northern Rock Bank (Guernsey) are from (a) Egypt, (b) South Africa and (c) Zimbabwe. (194569)

[holding answer 14 March 2008]: During this period of temporary public ownership, Northern Rock is managed by its board at arm's length from Government on commercial principles. It is a matter for the company's management to release specific business updates or provide any required disclosures in their annual report and accounts.