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Nationwide on course to return £300m to members

Nationwide says it is still on course to achieve its goal of returning £300m to members over the course of the year.


It says it has already returned an estimated £150m this year through lower mortgage rates, higher savings rates and other service improvements.


Its third quarter figures show net assets have risen 6.2 per cent to £50bn from £47.1bn in April.


Member savings balances are up 6.6 per cent to £35.9bn from £32.2bn in April and pre-tax profit is up 20.4 per cent to £212.7m from £176.6m in October 1997.

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