A provincial building society has maintained strong results despite the current economic challenges. Earl Shilton Building Society – or erbs – has passed total assets of £160 million for the first time.
The mutual, which has branches in Earl Shilton and Barwell, in west Leicestershire, lent a record amount of almost £30 million in its latest financial year, which saw mortgage assets increase by more than 5 per cent.
Management said saving balances had also increased by more than 9 per cent as savers benefited from the rising interest rates.
