
Monmouthshire Building Society maintains £3.7m profit amid transformation investment
The society's total assets increased slightly to £1.73bn, up from £1.72bn in 2025, while underlying profit before tax stood at £6.6m.

The society's total assets increased slightly to £1.73bn, up from £1.72bn in 2025, while underlying profit before tax stood at £6.6m.

Its adjusted EBITDA was up 43% to £4.6m compared to £3.5m in the same period last year.

Protection sales were up 1% and health in-force premiums grew 5%.

For the six months ended 30th June 2026, group revenue was up 9%.

The mutual, which now supports 89,867 homeowners, helped 3,195 people onto the property ladder during the period, compared with 4,033 first-time buyers in H1 2025.

Gross new mortgage lending increased from £348m in the first half of 2025, while retail deposits grew to £3.4bn, compared with £1.3bn at 30th June 2025.

Core operating profit rose to £918m during the six months to 30th June, while core operating earnings per share (EPS) increased 11%.

Underlying profit before tax rose to £195.5m for the six months to 30th June, up from £168.6m a year earlier, while underlying return on tangible equity stood at 18.1%.

The lender saw its cumulative loan origination rise by 25% to £2.05bn, while its gross loan book grew to £532m.

Alps reported that it is on track to reach £13m gross written premium (GWP) by 2028.

For the six months to 30th June 2026, underlying profit before tax increased to £61m.

The organisation delivered 1,123 new homes, its highest number in a single year.
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