Skipton Group, including the building society and its subsidiaries, has announced pre-tax profits of GBP 17m to the end of December 2008.
Group assets figures were up from GBP 13.6bn to GBP 15.2bn, largely because of its merger with Scarborough building society.
Retail savings leapt 23.5 per cent to GBP 10.1bn.
David Cutter, Skipton group chief executive, said: “Our half-year results show another solid performance, having achieved the equivalent of three-quarters of our annual profits for 2008 in the first six months of 2009.”
He said the group expected to report an increase in profits by the end of the year.
Comments