Building society upbeat despite profits falling by one-third

Pre-tax profits fell by one-third at Coventry Building Society in a "challenging environment" of price competition and economic uncertainty. However the Society enjoyed success in attracting and retaining borrowers and savers, which it said "demonstrates the strength" of its model. It believes its mortgage balances have grown by more than two and a half times the rate of the market in the last year, while its savings growth was three times the average. "This performance was achieved in what continues to be a challenging envir... 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...
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