Nationwide profits hit by low interest rate environment

Nationwide has reported a drop in half-year profits as low interest rates squeezed profit margins.
Profits at the UK's biggest building society fell to £696m for the six months to 30 September, down from £802m a year earlier.
But it said net mortgage lending was its "best ever", rising by 46% to £6bn.
The mutual organisation also said its current account had attracted record numbers, with 377,000 people opening an account in the period, a jump of 36%.
Nationwide chief executive Joe Garner said: "We have taken the conscious decision to stand by our members, continuing to help... read more
18 November 2016 in
Business,
Views: 43
Source: BBC
Realtime News
- 05:18 Why road to Syria peace could begin in a sleepy Swedish farmhouse
- 05:18 Stuck in Jamaica: 'My pension, my house and my kids are in the UK'
- 05:18 Jaguar Land Rover: What could happen next?
- 05:13 Mum of 4 says ceiling collapsed on autistic son 3 weeks ago - and...
- 05:13 The clever way victims caught mum-of-3 stealing their mail for...
- 05:13 Mum gives update on fundraising for terminal cancer treatment to...
- 05:12 West Brom have two players back as Liverpool's injury crisis revealed
- 05:12 Birmingham City man tracked by Leeds United and others as side to...
- 05:08 Stolen car in fatal crash was being chased by police - Ombudsman
- 04:50 Concerns grow over fate of Sydney's last government-owned sandstone...
- 04:47 Trago Mills's £65m Merthyr Tydfil store opens at last
- 04:25 Thousands of families can't afford to top up their energy meter
- 03:55 John Sentamu: In Stephen Lawrence’s memory, we will defy racism
- 03:53 Five people die as anti-government protests spread across Nicaragua
- 03:47 Residents 'not showered' care home in Essex warned
- 03:45 TRAVEL REVIEW: Fun for everyone at Butlins Skegness
- 03:43 Call to save military airfields from closure
- 03:42 Roadworks Round-up: The works which may cause you hold-ups in the...
- 03:33 Whitley Bay superdad wins prestigious award
- 03:24 Real ale drinkers asked to embrace change
- 03:11 Justine Greening: It’s in the interests of Yorkshire business to...
- 03:01 Antidote that can treat ALL deadly snake bites could be on the...
- 02:59 Highlights, presentations and recruitment - a week in the life of...
- 02:58 Oprah Winfrey given Swiss apology for 'racist treatment' over handbag
- 02:45 No joke: have China's censors gone too far with ban on humour app?
- 02:43 Missed this week's entertainment news?
- 02:42 Graduation – a guide for parents
- 02:42 Drugs, sleeplessness, isolation: the downside of being a dance...
- 02:32 Why do the Chinese love Bicester Village?
- 02:21 Southwest Airlines accident: Authorities order mass engine inspections
« | ‹ | › | » | |||
Mo | Tu | We | Th | Fr | Sa | Su |
1 | ||||||
2 | 3 | 4 | 5 | 6 | 7 | 8 |
9 | 10 | 11 | 12 | 13 | 14 | 15 |
16 | 17 | 18 | 19 | 20 | 21 | 22 |
23 | 24 | 25 | 26 | 27 | 28 | 29 |
30 |