Directors' report

Chairman and Chief Executive's introduction - People

The Board has been extremely impressed with Bradford & Bingley’s employees during 2007. Many areas of the Group experienced testing times during the year, particularly our branches and Savings’ deposit operations where a very high level of transactions took place. Their commitment and enthusiasm was critical and much appreciated by the Board. We are very proud of our culture and values at Bradford & Bingley and it is this collective spirit and sense of belonging that has enabled our people to work together very effectively in 2007, in the face of extremely challenging market conditions. The Board would like to thank Sir George Cox who retired at the end of 2007, for his advice and service over the past seven years.