- Underlying profit of £460m (H1 2017/18: £589m) and statutory profit of £516m (H1 2017/18: £628m), in line with expectations
- Profits are after a charge of £135m from asset write-offs and incremental technology spend as Society increases investment to meet members’ future needs
- UK leverage ratio of 5.0% (4 April 2018: 4.9%); CET1 ratio at 31.7% (4 April 2018: 30.5%)
- Rewarded members with £330m in member financial benefit
- Total gross mortgage lending up to £17.3bn (H1 2017/18: £16.7bn)
- Grew member deposits by £5.1bn (H1 2017/18: £1.8bn)
- 399,000 new current accounts opened by Nationwide (H1 2017/18: 427,000); 1 in 5 of all switchers moved to Nationwide*
*Source: CASS BACS Payments Schemes monthly CASS switching market data (Apr-Sep 2018)