A record number of savings accounts were opened with Yorkshire Building Society last year, according to its annual financial results, announced today.
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NewsTranscript
00:00 Hello, my name is Greg Wright, I'm the Deputy Business Editor of the Yorkshire Post.
00:06 Here are your business headlines for this morning.
00:09 A record number of savings accounts were opened with Yorkshire Building Society last year, according to its latest results.
00:16 The Society grew both its savings and mortgage balances in 2023.
00:21 Savings deposits from members increased to £47.1 billion and despite a market which has seen mortgage lending drop by almost 30%, the Society increased mortgage balances to £46.8 billion.
00:35 A strong trading performance in both savings and mortgages, combined with the rising interest rate environment, supported an increase in core operating profit to £449.9 million.
00:47 That's an update there from Yorkshire Building Society, which has seen a record number of savings accounts opened last year.
00:54 My name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.