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Santander UK's mortgage lending surged 97% in Q1 2025, yet its profit before tax fell 8%.
Santander UK saw a nearly 97% rise in gross mortgage lending to £5.8 billion in Q1 2025, compared to £3.1 billion in Q1 2024, though its mortgage loan book remained steady at £167.2 billion.
Despite an increase in net interest income by 6% to £1.12 billion, the bank's profit before tax dropped 8% to £358 million.
Meanwhile, Barclays reported a 4.9% increase in gross mortgage lending to £8.5 billion in Q1, with a pre-tax profit rise of 19% to £2.72 billion.
Credit Union membership grew by 58,295 to 2.15 million by the end of 2024, but their assets fell slightly to £4.89 billion.
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Los préstamos hipotecarios de Santander UK aumentaron un 97% en el primer trimestre de 2025, pero su ganancia antes de impuestos cayó un 8%.