The bank that started the rot in Britain has released its results for last year.
Northern Rock has reported a pre-tax shortfall of £257.5 million for the 12 months to December 31, compared with a £1.36 billion loss in the previous year.
These are its lats results before it splits into a good half and a bad half,the banks way of protecting those famously toxic debts.
The results show that the second half of the year was far better than up to June with with a statutory profit of £466.7m compared to a loss of £724.2m in the first half.
The bank also increased its lending up to £4.2bn in 2009, compared with £2.9bn in 2008.However some worrying news about mortgage arreas which saw an increase from 4.28% at end 2009, compared with 2.92% at 31 December 2008.
Some good news though as The bank's chief executive, Gary Hoffman,followed in the step of other UK bank executives and waived his 700,000 bonus in response to public outrage over bonuses and pay.
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