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Building society sees profits soar
Western Mail
|September 18, 2025
MONMOUTHSHIRE Building Society has reported a 61% increase in profits with its total assets also increasing.
For the financial year to the end of April this year the Newport-based mutual said its profits after tax rose from £2.3m a year earlier to £3.7m.
Total assets, which mainly comprises of mortgages, rose from £1.7bn to £1.72bn.
Mortgage assets rose by £14.3m to £1.38bn. It said the small rise of 1% in new lending reflected its planned low growth.
Gross lending, the total value of new loans to customers, was down from £237.9m to £219m Customer satisfaction has remained over 95% for the majority of the year.
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