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flag Cumberland Building Society reports £1M profit, down from £9.6M, but sees record growth in savings and mortgages.

flag Cumberland Building Society reported a £1 million pre-tax profit for 2024/25, down from £9.6 million previously, but saw record growth in savings and mortgage balances to £3.33 billion. flag Mortgage lending rose by 6.6% to £2.76 billion, and savings balances increased by 7.1% to £3.01 billion. flag The drop in profit is attributed to investments in long-term growth strategy, "New Cumberland," expected to affect profitability for the next two to three years.

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