Coventry Building Society announces record results
10th August 2012
COVENTRY Building Society has announced record profits during the six months ending June 30.
The society's share of the mortgage market was also a record with net mortgage lending equivalent to 45% of the UK market.
Profit before tax increased by 17% to £52.8m during the period and mortgage assets increased by £1.8bn to £21bn.
New mortgage lending increased by 33% to £2.5bn and net mortgage lending was £1.3bn, equivalent to 45% of all net mortgage lending in the UK.
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