Record savings growth boosts Coventry Building Society
A growth in mortgage deals and record savings balances has led to a successful year for the Coventry Building Society.
In its full year results, the society said statutory pre-tax profit had increased by 2% to £242.7m (2016: £239.1m), with underlying profit at £240.5m (2016: £239.5m).
The 2017 profit performance primarily reflected an increase in net interest income offset by an increase in management expenses. The profit performance was achieved during a year when the interest paid by the society's above market savings rate... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...