UK's Nationwide to pay 340 mln pounds to customers after profit leap
Reuters
23-05-19 06:37
Nationwide, the UK’s largest building society, is to pay £340m to customers in an unusual move following a 40% surge in annual profit due to a string of Bank of England rate hikes. It will make a £100 payment to eligible customers in July and plans to do so again in future years. CEO Debbie Crosbie explains that the move is possible because the company is owned by its customers.