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Evening Standard

Business

Simon English

Nationwide profits rocket as it tells struggling members “talk to us”

Nationwide Joe Garner Nationwide Building Society

Nationwide Building Society has apologised after customers complained of incoming payments being delayed (Paul Faith/PA) (Picture: PA Archive)

NATIONWIDE Building Society today recorded its best results since it was founded in 1884 and insists it is in a strong position to help members struggling with the cost of living.

A booming property market helped profits for the year more than double to £1.6 billion. Outgoing CEO Joe Garner puts that leap partly down to a decision to go back into 90% mortgages back in June 2020 as Covid raged.

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