Record start to 2017 for Leeds Building Society
Leeds Building Society recorded record profit-before-tax for the first half of the year, with strong mortgage growth driving growth.
It saw a 9% increase in profit before tax to £63.2m for the half year, in comparison to £58.0m in the same period to June 2016.
LBS helped 22,410 more people buy a home, with record new residential mortgage lending of £2.1bn, up by 10%.
It said it had completed a full refurbishment of its branches across the UK earlier this year, under budget and ahead of schedule.
CEO Peter Hill said: “I’m proud to report another strong performance for the first half of 2017, in a climate of political and economic uncertainty.
“We make our business decisions in the best interests of all our members, whether they’re savers or borrowers. Because we’re a mutual we are able to take a longer-term view so we can grow in a responsible and sustainable way and help as many people as possible to save and have the home they want.”
