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KPMG reports building societies are booming

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  • 22/09/2003
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Consultancy KPMG's annual study into the building society sector has shown assets in the sector grow...

Consultancy KPMG’s annual study into the building society sector has shown assets in the sector growing by over 12% to almost £200bn for 2002/2003. Nationwide comprises over 40% of the sector’s assets, with Kent Reliance growing the quickest, recording a rise of over 50% in its assets. The average margin for the top 19 societies was 1.15%, down from 1.22% last year.

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