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Birmingham Post
Birmingham Post
Business
Lauren Phillips

FORGOTTEN HISTORY: Principality building society reports strong results during challenging first half of 2022 | History Defined

Principality Building Society has reported a "strong financial performance" in its interim results despite a challenging first half of 2022.

Wales' largest building society reported that its net retail mortgage lending for the first six months to 30 June 2022 reached £99.3m (up from £24.7m in June 2020).

Retail mortgage balances were at £8,132.6m, up from £8,033.3m recorded in December 2021, while savings balances remained consistent at £7.9bn.

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