Skipton delivers '˜strong' performance

SKIPTON Building Society revealed that its total group profit before tax fell last year, although the mutual said it had delivered a 'strong' performance for its members.
By The Newsroom
Published 23rd Feb 2016, 15:14 BST
Updated 23rd Feb 2016, 18:35 BST
David Cutter of Skipton Building Society, MB1001/020aDavid Cutter of Skipton Building Society, MB1001/020a
David Cutter of Skipton Building Society, MB1001/020a

In 2015, Skipton’s mortgage book grew by £1.5bn to £14.2bn. Total group profit before tax (PBT) amounted to £146.9m, compared with £180.6m the year before. The sale of subsidiaries, associates and equity investments generated a combined profit of £1.0m.

Underlying group PBT from continuing operations increased by 2.1 per cent to £153.3m. Skipton was upgraded by both Fitch and Moody’s credit ratings agencies during 2015.

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David Cutter, group chief executive of Skipton Building Society, said: “Today’s results show that 2015 was another year of strong performance for Skipton Building Society, and further demonstrated that our 162-year-old core purpose of delivering consistent value to our members is still as relevant today as it was when we were founded. In 2015 we enabled more people to save for their future and buy their own home than we ever have before.

“The level of service experienced by our members is important to us.

“One of our achievements that we are most proud of over the past 12 months was leaping into the prestigious ‘top ten’ for customer experience excellence across major UK brands and being named the UK’s top building society for customer experience.”