View more on these topics

Monmouthshire lending increases

Monmouthshire Building Society last week revealed it had increased its gross lending by 31 per cent in the year to April 2012.

The building society advanced £138m in the 12 months to April, up from £105m over the same period a year earlier.

Pre-tax profit reached £2.7m compared to a profit of £2.4m in the previous year.

Total assets reached £819m, up from £742m the year before.

There was a net inflow of retail savings of £45.2m to April, compared to £33.7m the year before.

Chief executive Andrew Lewis says: “Notwithstanding the ongoing challenges within the marketplace, Monmouthshire Building Society continues to buck the industry trend yet remains as strong and secure as ever. Our results outperform the competition, clearly demonstrating the attraction of the Society and how we continue to go from strength to strength.”




Targets are unnecessary if you have right people STAR LETTER I was quite astonished to read the scale of the some of the bonuses that had been paid out to financial services staff in the report on Mortgage Strategy Online last week about the FSA’s overhaul of sales incentive schemes following a year-long investigation into […]

PMS and Sesame launch three exclusives with Leeds BS

PMS and Sesame have launched three exclusive fixed rate products via Leeds Building Society, including a shared ownership mortgage. A two-year fixed rate mortgage is available at 3.79 per cent and a five-year fixed rate is available at 3.8 per cent. Both loans are available up to 80 per cent LTV. The two-year product does […]


News and expert analysis straight to your inbox

Sign up