Nationwide Confirmed that millions of members will once again receive £ 100 bonus payment later this year Creation of societyPosts sufficient jump in annual profits.
For the third year, a ‘fair share’ Payment of £ 100 will be distributed For eligible nationwide members. The bank says it consists of over 4 million people in 2025, which is 3.85 million last year and more than 3.4 million a year ago.
With this initiative the price of the Building Society will be £ 400 million – most of them have been distributed as part of the fair share scheme.
Like previous years, receiving payment will be subject to certain eligibility criteria. The Building Society states that it is “in addition to the eligible members choosing nationwide for their daily banking, in addition to a holding,” Savings or mortgage product qualification.,
Those who qualify, they will look at the payment paid directly to their account between June 18 and July 4, the nationwide has confirmed.
Payment comes as a nationwide posts in the form of a “outstanding” year in annual profits in annual profits. Complete the acquisition of virgin moneyThe firm was able to reward its members at the beginning of this year after this deal.
Mutual reported a prior tax profit of £ 2.3 billion for the year, which came out from £ 1.8 billion to 31 March last year, despite this the award came despite handing over records £ 2.8 billion to members, including £ 1 billion in the award.
On the underlying basis, pre-tax profits fell from £ 2 billion to £ 1.9 billion as the nation said that it focuses on offering competitive interest rates to customers.
Debbie Crossby, the chief executive of the group of Nationwide Building Society, said: “The nationwide was an excellent of twelve months.
“We returned a record £ 2.8 billion for our members and recorded our highest year for development mortgage Loan and retail deposit balance. ,
He said: “Virgin money was strong in six months since our acquisition, with a return to customer service improvement and return to hostage borrowings.”
The firm completed the acquisition of £ 2.9 billion of virgin money last year, which saw that it became the second largest hostage of the UK and Saving Provider.
The group stated that the integration of the acquisition was “well progress”.
The nationwide said that after the acquisition, two businesses were initially running separately and there was no plan to cut short -term jobs.
But Ms. Crossbie said that it was “very early to say” what would be the impact on the employees of the joint group because it integrates businesses.
“Every business always reviews our workforce and we will continue to do so on a constant basis, but it is too early to say whether there will be any effect on the broad workforce,” he said.
He also indicated that nationwide virgin will maintain the nucleus headquarters of Money, Ms. Crossbie said that “the current footprints we have will remain the same”.