Dudley Building Society reports growth

Robyn Ashman

June 8, 2017

Dudley Building Society lent £51.9m during the year ending 31 March 2017, according to its latest results.

The results also saw pre-tax profit for the year increase to £1.72m as total assets rose to over £354m and reserves to £21.3m.

According to chief executive, Jeremy Wood (pictured), the Society has built on its successful performance of the past few years and is now larger than at any time in its history.

He said: “The Society experienced a very satisfactory year. We continue to grow our business and we are employing more people than ever to meet the evolving needs of our customers. We have experienced great success by leading the market which serves older borrowers. Local savers can still take advantage of our sector-leading 5-year fixed rate bond available through any of our branches.”

The Society will be hosting its Annual General Meeting on 20th July 2017 at Himley Hall. The event will begin at 2:00pm and gardening expert Howard Drury will be the guest speaker.

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