Leeds Building Society experienced a 37% increase in lending to £2.6bn in H1 2024, with a reduced underlying profit of £86.4m.

Leeds Building Society achieved record 37% increase in lending to £2.6bn in H1 2024, while its underlying profit dropped to £86.4m from £116.2m. The society introduced a financial support scheme for Philips Trust victims and plans to open a new branch in Solihull to expand its presence. Leeds Building Society helped 7,800 first-time buyers and attracted 17,500 new borrowers. CEO Richard Fearon expressed optimism for future growth due to market confidence and plans to cut interest rates further.

August 01, 2024
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