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Record results for Coventry Building Society

Coventry Building Society&#39s results for 2003 show a 32 per cent increase in gross lending compared to 2002, at almost £2.5bn. Net lending for 2003 was £863m, up 27 per cent on 2002, while total assets increased to almost £9bn.

Chief executive Martin Ritchley says: “Our results for 2003 represent another success story for Coventry Building Society. For the eighth successive year, we have improved our cost ratio, maintaining our position as the most cost efficient major building society in the UK. These results reinforce the Coventry&#39s position as one of the country&#39s most successful building societies.”

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