The country's largest building society reported pre-tax profit of 2.2 billion pounds ($2.78 billion)
PHOTO
British lender Nationwide reported a 40% jump in full-year profit on Friday, as a long run of Bank of England interest rate hikes lifted its finances despite a housing market slowdown.
The country's largest building society reported pre-tax profit of 2.2 billion pounds ($2.78 billion) for the year to April 4, up from 1.6 billion.
($1 = 0.7923 pounds) (Reporting by Iain Withers; editing by Jason Neely)
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
© ZAWYA 2024
