Nationwide profits have more than doubled for the first half of the year.
In the same period last year, profits were £361m. They have now doubled ti £853m for the six months to 30 September.
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Chief financial officer Chris Rhodes said: “During the pandemic, strong demand for mortgages, coupled with macro-economic uncertainty, led to higher margins on mortgage lending. This resulted in significantly higher income, and a very strong overall financial performance.”
“These have been very popular, resulting in a successful ISA season, increased deposits, higher mortgage lending, and a larger share of the current account market.”