Nottingham Building Society has seen total assets grow to nearly £4bn as its ‘all-under-one-roof’ advice and service proposition continues to deliver strong financial performance for members and customers.
The building society also saw gross lending in the six months to 30th June 2018 reach £465m as its mortgage book increased by 3.7%, while branch savings balances increase by 7.4%.
In addition, more than 13,000 new members have joined the building society in the same period as the branch network expanded to 67 following the addition of seven new branches at the end of 2017.
However, group profit before tax was £6m, compared with £7.6m in the six months to June 2017.
“Cementing our relevance and appeal to members both now and in the future, has been a key focus throughout the first half,” said David Marlow, chief executive at Nottingham Building Society (pictured above).
“In the face of increasingly rapid societal change, we are investing heavily to develop our digital capabilities and longer-term aspiration to deliver a true omni-channel experience where our members have the control and convenience of choosing how and when they interact with us.
“Underpinned by our strategic pillars of growing and rewarding membership; delivering strength in financial adequacy; striving to deliver first-class service across our operations; and continuing to support our people and communities, our mid-year results are a positive reflection of this strategy.”
David added that he was particularly proud that its net promoter score remained consistently high at 79%.
“We are looking forward to building on our successes with some exciting launches during the second half.”
The building society is set to launch a cash Lifetime Isa later this summer, initially available in branches and then online as it expands its digital platform.
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
300 companies sign up to Women in Finance Charter
A total of 300 companies have now signed up to HM Treasury’s Women in Finance Charter....
Hanley Economic offers self-build product in Scotland
Hanley Economic Building Society has extended its self-build and residential mortgage offerings into Scotland with immediate effect...
Why it’s important to encourage female entrepreneurs
On Women’s Entrepreneurship Day, we honour women in business, their fearless ambition, their achievements and successes...
TSB names new CEO
The board of TSB Bank PLC – with the support of Sabadell – has announced that Debbie Crosbie (pictured above) will become its new CEO in 2019, subject to regulatory approval...
Tandem opens community beta testing for autosavings
Tandem has invited its existing app users to join its autosavings beta testing community to help test its new proposition...
Secure Trust Bank enters Right to Buy market
Secure Trust Bank Mortgages (STB) has launched into the Right to Buy market with a range of mortgages for tenants looking to purchase their existing home...
Starling announces partnership with the Post Office
Starling Bank has announced that it has partnered with the Post Office as it looks to offer every day banking services to its customers...
Close Brothers appoints new NED
Close Brothers Group PLC has named Peter Duffy as an independent non-executive director...
What’s missing from the specialist banking market?
Two months ago, Specialist Banking published a feature looking at whether there was room for more banks in the sector...
TransferWise secures £65m syndicated debt facility
TransferWise has completed a £65m syndicated debt facility with NatWest, JP Morgan and LHV Bank...
EedenBull AS names non-executive chairman
New fintech company EedenBull AS has appointed Jeremy Nicholds as its non-executive chairman of the board...