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BSA hits out at conclusions drawn from Moody&#39s report

The Building Societies Association has hit back at press speculation, drawn from a Moody&#39s report, that the current low margin policy of mutuals is unsustainable.


The BSA says that the report was quoted selectively and that it is actually contradictory.


It points out that the report says “building societies have a competitive edge since they are not required to pay a dividend”.

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