"The Society’s highlights show that we are continuing to maintain our growth, profitability and commitment to member value
Finance Director Peter Craigie added, “2003 was another profitable year for Dunfermline Building Society in which profit before tax rose 10% and our capital strength improved. Our financial strength was recognised by Moodys, the independent credit rating agency which upgraded the Society’s short term rating to the highest possible level - P1. This confirms that Dunfermline is the safest home for investors hard-earned savings and we are delighted to be the home for over £1.5 BILLIONS of our members’ money.”
Highlights
- Lending up over 50% to £334M (2002 £217M)
- Profit before tax up 10% (2002 7.3%)
- Total assets grew to £1,869M ( 2002 £1,828M)
- Credit rating raised to the highest possible level
- Reserves increased by over 5% to £109M (2002 £103.4M)
