Market Harborough reports results
Underlying pre-tax profits rose 19.63 per cent to £1.371m (£1.742m if an exceptional gain is included) whilst total assets grew by over 7 per cent to reach £378m. Operating costs reduced by 3.8 per cent in 2005 and since 1998 have risen by only 2.2 per cent, whilst across the same period the Society grew by 42 per cent.
Philip Dearing, chief executive at Market Harborough, said: “This strong set of results is a reflection of the support the Society has received from customers, intermedaries and staff across 2005.
“We are continuing to grow by offering a very personal service, complemented by a competitive range of mortgage and savings deals, accessible through our branch network, by post & telephone or, increasingly, via our award winning website.”