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Building society reports modest profit on 175th anniversary - DNG Online Limited
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Building society reports modest profit on 175th anniversary - DNG Online Limited
THE Cumberland Building Society has reported healthy financial results as it celebrates its 175th anniversary and continues to grow its savings and mortgages balance sheet, ending the year at a record high of £3.33bn. Mortgage lending rose by 6.6 per cent to £2.76bn, while savings balances climbed by 7.1 per cent to £3.01bn. As expected, profit levels reflect the significant investment made on New Cumberland, a project seeing the Society invest …
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