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Nationwide Building Society

POB_p.L

Latest Trade

108.98GBP

Change

0.00(0.00%)
0

Today's Range

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52 Week Range

105.25

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110.70

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

UK's CMA Writes To Nationwide Building Society About Non-Compliance With Retail Banking Market Order

Feb 6 (Reuters) - UK'S CMA:LETTER TO NATIONWIDE BUILDING SOCIETY ABOUT NON-COMPLIANCE WITH PART 6 OF RETAIL BANKING MARKET INVESTIGATION ORDER 2017, RELATING TO ALERTS.NATIONWIDE WILL REPAY AROUND £900,000 IN CHARGES TO THE 70,000 CUSTOMERS AFFECTED.NATIONWIDE BREACHED ORDER BY IMPOSING UNARRANGED OVERDRAFT CHARGES ON C.70,000 CUSTOMERS WITHOUT INCLUDING A WARNING.ALERT NEGLECTED TO MENTION THAT NATIONWIDE WOULD BE CHARGING THE CUSTOMER FOR ENTERING AN UNARRANGED OVERDRAFT POSITION.NATIONWIDE AIMS TO REFUND THE MAJORITY OF AFFECTED CUSTOMERS BY 27TH MARCH 2020, WITH REFUNDS CONCLUDED BY THE 29TH MAY 2020.ALSO NOTE THAT SINCE NOV 11 2019 NATIONWIDE HAS REMOVED ALL UNARRANGED OVERDRAFT CHARGES.

Nationwide Building Society reports first half profit of 307 mln stg

Nov 22 (Reuters) - Nationwide Building Society <POB_p.L>::UNDERLYING PROFIT OF £307M.CET1 RATIO OF 31.5%.AS WE ANNOUNCED IN SEPTEMBER, PROFITS WERE ALSO AFFECTED BY AN ADDITIONAL PPI CHARGE..NET INTEREST MARGIN OF 1.12%.WHILST ECONOMIC OUTLOOK REMAINS UNCERTAIN, WE EXPECT CURRENT LOW INTEREST RATES AND COMPETITION IN OUR CORE MARKETS TO CONTINUE..

Nationwide expects new PPI charge of 20 mln to 50 mln pounds

Sept 13 (Reuters) - Nationwide Building Society <POB_p.L>::IN LINE WITH EXPERIENCE IN BROADER MARKET, SOCIETY RECEIVED A HIGHER THAN ANTICIPATED VOLUME OF PPI COMPLAINTS.ESTIMATES THAT AN INCREMENTAL CHARGE WILL BE MADE, IN ADDITION TO PROVISION AS AT 4 APRIL 2019, IN RANGE OF £20 MILLION TO £50 MILLION.UPPER END OF THIS PROVISIONAL ESTIMATE IS NOT SIGNIFICANT TO SOCIETY'S FINANCIAL POSITION.

Nationwide Building Society Says Mark Rennison To Retire As CFO

May 21 (Reuters) - Nationwide Building Society <POB_p.L>::NATIONWIDE BUILDING SOCIETY - CFO, MARK RENNISON, HAS DISCUSSED WITH BOARD HIS INTENTION TO RETIRE.NATIONWIDE BUILDING SOCIETY - MARK HAS AGREED TO STAY IN ROLE UNTIL A SUCCESSOR HAS BEEN APPOINTED.

UK's CMA Says Nationwide Building Society Breached Northern Ireland Personal Current Account Banking Market Investigation Order 2008

Oct 30 (Reuters) - Nationwide Building Society <POB_p.L>::UK'S CMA - NATIONWIDE BUILDING SOCIETY BREACHED THE NORTHERN IRELAND PERSONAL CURRENT ACCOUNT BANKING MARKET INVESTIGATION ORDER 2008.UK'S CMA - NATIONWIDE'S BREACHES CONCERN ITS FAILURE FROM JAN 2017 TO MAY 2017 TO SUPPLY CUSTOMERS WITH INFORMATION ON SWITCHING ACCOUNTS.UK'S CMA - NATIONWIDE'S BREACHES ON SWITCHING ACCOUNTS AFFECTED 79,396 CUSTOMER ACCOUNTS.UK'S CMA - EXPECT NATIONWIDE TO CONTINUE TO REVIEW AND MONITOR ITS CONTROLS TO ENSURE COMPLIANCE WITH THE ORDER.UK'S CMA - EXPECT NATIONWIDE TO INFORM THE CMA OF ANY FUTURE COMPLIANCE ISSUES THAT MAY ARISE.

Nationwide Building Society Profits Include A £116M Cost Of Debt Buy‐Back

Nationwide Building Society <POB_p.L>::STATUTORY PROFIT BEFORE TAX OF £977 MILLION HAS BEEN ADJUSTED FOR A NUMBER OF ITEMS.AN UNDERLYING PROFIT BEFORE TAX OF £1,022 MILLION.PROFITS INCLUDE A £116M COST OF DEBT BUY‐BACK.UK LEVERAGE RATIO IMPROVED TO 4.9%.IF SUCCESSFUL IN APPLICATION FOR FUNDING FROM MONEY GOVERNMENT HAS ASKED RBS TO SET ASIDE, WE INTEND TO ROLL OUT A MUTUAL BUSINESS ALTERNATIVE TO BIG FIVE BANKS, NATIONWIDE.WE WILL REFINE OUR TECHNOLOGY STRATEGY AND INVESTMENT PLAN THIS MIGHT REQUIRE.THANKS TO ALTERNATIVE REMEDIES FUND, FINANCED BY RBS TO BOOST COMPETITION IN BANKING, WE ARE APPLYING FOR UP TO £50 MILLION TO LAUNCH A BUSINESS CURRENT ACCOUNT.DEMAND IN HOUSING MARKET LOOKS SET TO REMAIN SUBDUED, LACK OF SUPPLY WILL PROVIDE SUPPORT FOR PRICES. WE EXPECT MARKET TO REMAIN EXTREMELY COMPETITIVE..IMPAIRMENT LOSSES HAVE DECREASED BY £35 MILLION.

Nationwide Responds To BoE's Stress Test Results

Nov 28 (Reuters) - Nationwide Building Society <POB_p.L>::NATIONWIDE'S RESPONSE TO THE STRESS TEST RESULTS.NATIONWIDE - ‍RESULTS OF 2017 TEST CONFIRM THAT NATIONWIDE WOULD REMAIN PROFITABLE IN SUCH CONDITIONS AND CONTINUE TO MAKE FULL DISTRIBUTIONS.NATIONWIDE BUILDING SOCIETY - ‍NATIONWIDE IS NOT REQUIRED TO SUBMIT A REVISED CAPITAL PLAN OR TAKE ADDITIONAL ACTIONS AS A RESULT OF THIS STRESS TEST ​.

Nationwide Building Society pretax profit falls 16 pct

Nationwide Building Society <POB_p.L> : Statutory profit before tax in nine months is 946 million pounds, a decrease of 16 pct on same period last year. . Gross mortgage lending has increased in nine months to Dec 31 by 11.0 pct to 26.2 billion pounds, a market share of 14.3 pct . Our capital and liquidity ratios remain strong, underpinning security we provide to all our members . Gross mortgage lending for nine months to 31 December 2016 was up 11.0 pct on comparative period at 26.2 billion pounds . Group's capital position has remained strong, with consolidated CET1 and leverage ratios as at 31 December 2016 of 24.4 pct and 4.0 pct respectively . Our expectation is that UK economic growth will slow over next two years. . Longer term impacts of EU referendum vote on UK economy will depend on a range of factors, not least time it takes to reach trading agreements with EU and non-EU economies and effectiveness of other actions for improving UK trade prospects. . Sustained low interest rate environment combined with competition in core markets will continue to put pressure on margins and profit. .Our positive trading performance, strong capital position, high quality balance sheet and lead on customer satisfaction mean we are well placed to deliver long term value to our members.

Carillion wins 350 mln stg contract for Nationwide Building Society

Carillion Plc <CLLN.L>: Carillion wins 350 million stg support services contract for Nationwide Building Society . Has been awarded a seven-year contract to provide facilities management services for Nationwide Building Society . Contract has potential to be extended for a further three years . Will provide a wide range of hard and soft facilities management and workplace services for Nationwide's headquarters in Swindon .New contract commences on 1 October 2016.

Nationwide annual profit before tax rises to 1.3 bln pounds

Nationwide Building Society <POB_p.L> : An underlying profit before tax of 1,337 million stg . Cet1 capital ratio up to 23.2% . Leverage ratio improved to 4.2 percent . Net mortgage lending up 28% to £9.1 billion . Uncertainty surrounding eu referendum and global economic outlook are likely to have some impact on uk economic activity in near term . We expect housing market to remain resilient .Total assets have grown by 13 billion stg to 209 billion stg.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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