Nationwide profits rise as it gains customers from banks
May 22, 2013, 8:58am
NATIONWIDE today announced a three per cent rise in profits, as customers choose the building society over traditional banks.
The company said that 123,000 customers had switched their main banking relationships, a 58 per cent increase on last year.
Nationwide’s statutory pre-tax profits were £210m this year, while its underlying profit rose 56 per cent to £475m.
