Annual Report & Accounts
2007 Annual Report & Accounts
Scarborough, the UK's 17th largest building society, announced strong results across all areas of the business for the full year ended 30 April 2007.
- Highlights included:
- Group total assets up 33% to £2.3 billion
- Group pre-tax profit up 20% to £6.8 million
- Society management expenses ratio reduced to 0.52%
- Group management expenses ratio reduced to 0.78%
- Mortgage balances up 4% to £1.4 billion
- Members savings balances up 8% to £1.3 billion
- Total assets under management up 41% to £4.3 billion