Dudley BS has been working for over 160 years in providing mortgages and saving accounts to customers across a local and a national level. This year, they broke records with £92.6 million lends – £9.7 million more than the previous year.
A year end total asset base of £438.5 million was reported this year, meaning that savings balances are up by £26.6 million. This has led to an all time record of £362.2m in overall deposits.
Responding to the success, Jeremy Wood, chief executive of Dudley BS, said: “I am delighted with the progress we have made in the last year with record lending and increased profitability.”
“I am particularly proud of the efforts of all of our staff, which was highlighted by the award of Customer Service Champion at the British Bank Awards in March.”
He added that Dudley BS have historically led the mortgage market in underserved areas, such as in later life lending. He said that they have branched out in recent years in helping families getting their children onto the property market.
He continued: “The Society will continue to thrive and progress with continued system development, process enhancements and growing employee skills, ensuring we deliver the kind of products and services for our members and business partners for years to come.”
Written by Hannah Bloom