Loughborough Building Society saw mortgage lending rise by 77 per cent to £1.6 million in the first half of its
financial year.

The society handed out 80 mortgages in the six months to April 30, compared with 77 the same period of last
year.  New savings accounts were up 19 per cent to 1,827.

Bosses said pre-tax profit for the period rose by 4 per cent to £351,000, with total income increasing by 8 per cent
to £1.83million. Total assets stayed around the same at £270 million.

The 142-year-old society remains on track to meet lending targets for the year, which would represent a 10 per
cent further growth.

Chief executive Gary Brebner said: "The results show the robustness of the society in the most difficult of
markets.   "I believe these are encouraging results, particularly as we have been operating in difficult market conditions.   "The society remains focused in service excellence, retaining customers and making investments to improve facilities for members. We look forward to building on our performance to remain one of the UK's strongest regional building societies."

13 July 2012