Profits drop at The Nottingham as it turns towards tech
The Nottingham Building Society says it will "manage its administrative expenses" after reporting 19% fall in profits for 2018.
The Society said that profits dropped by £2.7m during the year to £11.8m. It says this is down to the impact of its investment plans, which have seen new branches open. The Nottigham now has 67 branches across 11 counties.
Despite the drop in profits, The Nottingham built its overall mortgage book by 4% with mortgage lending exceeding £800m in 2018 and says it now has total branch savings of £2.4bn ... 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...