GREAT WESTERN <GWF>SEES ANOTHER OUTSTANDING YEAR
Great Western Financial
Corp said it should experience anouther outstanding year in
1987 based on the performance of the first three months.
    Reporting record earnings for the tenth consecutive
quarter, the company said profits rose to 81.2 mln dlrs, or
1.66 dlrs a share, from 79.8 mln dlrs, or 1.50 dlrs, a year
earlier.
    The company said its growth, "which includes a 19.7 pct
increase in net interest income, encourages us to believe that
1987 will be another year of strong earnings growth."
   
    Great Western said its real estate loan originations
totaled 1.7 billion dlrs in the latest quarter, up from 1.5
billion dlrs a year earlier. Total lending was 2.2 billion dlrs
vs 1.9 billion dlrs.
    About 95 pct of first quarter loan volume was in adjustable
rate mortgages or short term loans, it said.
    The company said loan sales were 755 mln dlrs in the latest
quarter compared with 1.5 billion dlrs a year earlier.
 Reuter
