Alliance & Leicester has also confirmed it is coping well with the current conditions, prompting shares to rise by 11 per cent as it revealed strong growth and assets.
Since the Northern Rock chaos hit the markets at the beginning of September, previously infallible banks have held newly shaky ground as consumers begin to realise that they are not as invincible to market conditions as they may outwardly appear.
"We have taken the view that we should take our funding when we can and we got in some early funding deals when the windows were open, so we are padded up for the long haul," said B&B's chief executive Steven Cranshaw.
