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BRIEF-Nationwide Building Society says underlying profit up 15 pct in 9 mths to Dec. 31
February 12, 2016 / 7:17 AM / 2 years ago

BRIEF-Nationwide Building Society says underlying profit up 15 pct in 9 mths to Dec. 31

Feb 12 (Reuters) - Nationwide Building Society

* In nine months to Dec. 31 2015: . Gross and net residential mortgage lending increased 16 pct and 18 pct respectively

* In nine months to Dec. 31 2015 underlying profit up 15 pct to 1,129 mln stg, statutory profit is up 19 pct to 1,123 mln stg

* Common equity tier 1 ratio now at 22.6 pct

* Profitability this year benefited from unusually strong margins for lending over last few years

* Expect level of profit to moderate as mortgage assets reprice to prevailing rates. Source text for Eikon: Further company coverage:

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