"Lender moves to debt collection"

This hilarious turnaround story comes via Tyrrellcorporation over at HousePrice Crash.

If you crunch the numbers, profits at debt-collection division were up from £8.9m to £13.9m, but a prior year profit at lending division of £7.6m has turned into a £19.5m loss.

Further, seeing as some of the other banks and building societies have effectively stopped lending, aren't they just debt collectors as well?