TSB has registered a small first quarter profit and claims to have resolved all complaints linked to last year's costly IT meltdown.

In the three months to March, TSB scraped to a 7.3 million euro (£6.3 million) profit, up from a 43.8 million euro (£37.8 million) loss during the same period last year.

The figures come after the bank swung to a mammoth loss last year after a disastrous migration of its IT system cost it £330 million.

Parent company Sabadell said it was encouraged by strong growth in some areas such as mortgages.

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Mortgage loan volumes rose 38% year-on-year to more than £1.5 billion for the quarter.

About 80,000 customers switched their bank account away from TSB in 2018, after the IT crisis last April which left up to 1.9 million users of its digital and mobile banking locked out of their accounts.

Stockbroker AJ Bell said that it expects its interim results to be better than expected, after assets under administration and customer numbers grew strongly in the second quarter despite a weak market.

For the three months ending March, assets under administration were 7.9% higher at £47.7 billion from the previous quarter and 14% higher than the same time last year.

Customer numbers grew 17% to 214,853. The FTSE 250-listed firm expects its financial performance to be "slightly ahead of current market expectations".

Shares in Hastings were on the slide on Friday after the firm warned its loss ratio may creep towards the higher end of its 75% to 79% target range.

This compares to 75% last year and analysts at Peel Hunt said Hastings is letting margins slip in favour of keeping its retail business competitive.

Shares were down nearly 14% in afternoon trade at 189p.