Published by Global Banking & Finance Review®
Posted on May 29, 2025
1 min readLast updated: January 23, 2026
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Nationwide's profit surged 30% due to Virgin Money integration, making it the UK's second largest mortgage lender with record mortgage lending.
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)
Nationwide reported a 30% increase in its annual profit.
The profit before tax rose to 2.3 billion pounds, up from 1.8 billion the previous year.
Nationwide integrated its takeover of Virgin Money, enhancing its position in the mortgage market.
Nationwide recorded its highest ever year for mortgage lending.
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