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    Home > Finance > Britain's Nationwide reports annual profit up 30% as it integrates Virgin Money
    Finance

    Britain's Nationwide reports annual profit up 30% as it integrates Virgin Money

    Published by Global Banking & Finance Review®

    Posted on May 29, 2025

    1 min read

    Last updated: January 23, 2026

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    Tags:customersMortgagesfinancial sectorcorporate profitsUK economy

    Quick Summary

    Nationwide's profit surged 30% due to Virgin Money integration, making it the UK's second largest mortgage lender with record mortgage lending.

    Nationwide Sees 30% Profit Surge Amid Virgin Money Integration

    LONDON (Reuters) -Britain's Nationwide Building Society reported its annual profit rose 30%, as it incorporated its takeover of rival Virgin Money, which made it the country's second biggest mortgage lender.

    Nationwide said on Thursday its statutory 2004 profit before tax rose to 2.3 billion pounds ($3.09 billion), up from 1.8 billion the year before as it recorded its highest ever year for mortgage lending and retail customer balances.

    ($1 = 0.7444 pounds)

    (Reporting By Lawrence WhiteEditing by Tomasz Janowski)

    Key Takeaways

    • •Nationwide's profit increased by 30% this year.
    • •Integration of Virgin Money boosted Nationwide's position.
    • •Nationwide is now the UK's second largest mortgage lender.
    • •Record year for mortgage lending and retail balances.
    • •Statutory profit before tax reached 2.3 billion pounds.

    Frequently Asked Questions about Britain's Nationwide reports annual profit up 30% as it integrates Virgin Money

    1What was Nationwide's profit increase percentage?

    Nationwide reported a 30% increase in its annual profit.

    2How much did Nationwide's profit before tax rise to?

    The profit before tax rose to 2.3 billion pounds, up from 1.8 billion the previous year.

    3What significant acquisition did Nationwide complete?

    Nationwide integrated its takeover of Virgin Money, enhancing its position in the mortgage market.

    4What record did Nationwide achieve this year?

    Nationwide recorded its highest ever year for mortgage lending.

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