Principality. Where home matters.

3 August 2016
Home to a Strong Half Year Performance
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Home to a Strong Half Year Performance
We’ve delivered a secure financial performance and excellent trading results for the first half of 2016. We’ve exceeded £8bn in assets for the first time in our history, supporting the priority to be a resilient and safe home for members.
Key Performance Highlights
- Group assets of £8.2bn
- Savings balances increased by £298.7m
- Net retail mortgage balances of £5.6bn (31 December 2015: £5.2bn)
- Gross residential mortgage lending for the first six months of the year of £802.4m (30 June 2015: £554.7m)
- Pre-tax profits of £23.9m (30 June 2015: £23.2m)
- 85.7% of mortgages funded by savers
- Strong capital with a Common Equity Tier 1 ratio of 20.3%* (31 December 2015: 21.0%)
- Arrears levels remain consistently low, with the percentage of first charge cases greater than 3 months in arrears currently standing at 0.62% (31 December 2015: 0.62%)
* Excluding unaudited interim profits. The equivalent ratio including interim profits to 30 June 2016 would be 21.2%.
Supporting our Communities
We’ve helped over 70 local groups
With over £40,000 of sponsorship from our branches
Our staff have given over 500 hours to community volunteering
And we raised over £33,000 for our three charity partners
Cancer Research Wales | School of Hard Knocks | Llamau
Published: 03/08/2016