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Coventry Building Society sees yearly profit fall as mortgage costs ease

The building society, which is the second largest in the UK, bought The Co-operative Bank at the beginning of the year.



Coventry Building Society's pre-tax profit fell from £474 million in 2023 to £323 million in 2024 due to lower mortgage costs and higher savings rates. The society completed its £780 million acquisition of The Co-operative Bank at the start of 2025, which reported an underlying pre-tax profit of £116.2 million for 2024.

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