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Measured Growth from Dudley Building Society

Dudley Building Society has announced yet another year of strong results.  Pre-tax profit in the year ending 31st March 2017 increased to £1.72m, total assets rose to over £354m and reserves to £21.3m.  The Society lent £51.9m during the year.

According to Chief Executive, Jeremy Wood, 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.

Full details about the Society’s activity and its financial performance can be found in the Member Review and Report & Accounts that are available on the Society’s website: www.dudleybuildingsociety.co.uk or on request by calling 01384 231414.

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