Coventry Building Society's 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's position as one of the country's most successful building societies.”