Egg may soon 割れ目 losses

By LUCY FARNDON
Updated: 00:00 BST, 21 April 2001

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MORE than 235,000 people 調印するd up for Egg credit cards in the last ４半期/4分の1, but the online bank is still nursing 激しい losses.

長，指導者 財政上の officer Stacey Cartwright says Egg is on 跡をつける to break even by the end of the year, as 顧客s switch from 無 利益／興味 introductory 率s to 基準 貸付金 告発（する），告訴（する）／料金s.

'歳入 growth will come from a natural unwinding of incentives. By end year, the 広大な 大多数 of our 顧客s will be on the 11.9% ba se 率,' she says.

顧客 growth '明確に can't go on at this 率 forever,' but, she says, the out-look is good.

Pre-税金 losses for the first ４半期/4分の1 fell from £38.3m to £37.9m, in line with market 予測（する）s. Egg, 80pc-owned by Prudential, rose 2 1/2p to 150p.

'Credit card 商売／仕事 is excellent. This alone 正当化するs a 株 price of 150p,' says Deutsche Bank 分析家 Patrick 物陰／風下.

ISA sales were disappointing, but sales for the whole 部門 have been weak.