Debbie Crosby
Chief Executive Officer
Replay available
Nationwide Building Society (NBS) Q2 2024 Earnings Call
Nationwide Building Society (LSE: NBS) Q2 2024 earnings conference call, held 2023-11-17. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Robert Gardner
Chief Economist
Chris Rhodes
Chief Financial Officer
Muir Matheson
Deputy Chief Financial Officer and Treasurer
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Nationwide Building Society.
Replay transcript excerpt
WEBVTT 00:00:00.267 -- 00:00:04.350 Welcome to Nationwide Building Society. 00:00:06.776 -- 00:00:12.644 Good morning to everyone and welcome to Nationwide Building Society's 00:00:12.644 -- 00:00:17.670 Interim Results Call. I'm Debbie Crosby, the Chief Executive Officer, and I'm 00:00:17.670 -- 00:00:23.017 joined today by Chris Rhodes, our Chief Financial Officer, Muir Matheson, our Deputy 00:00:23.017 -- 00:00:28.442 CFO and Treasurer, and Robert Gardner, our Chief Economist. 00:00:29.714 -- 00:00:34.723 We have delivered a strong financial performance in uncertain economic 00:00:34.723 -- 00:00:40.133 environment and our underlying profit before tax is up 29% to 00:00:40.133 -- 00:00:41.756 1.262 00:00:41.756 -- 00:00:45.142 billion for the first half. 00:00:45.142 -- 00:00:50.211 We provide customers with great value products, choice in the way they bank with us 00:00:50.211 -- 00:00:55.930 and the best possible service. As a result, we've grown our deposit 00:00:55.930 -- 00:01:01.218 and mortgage balances and our financial strength means that we can invest in even better 00:01:01.218 -- 00:01:06.306 products and services to increase value for our members. 00:01:06.306 -- 00:01:10.012 We are reporting our highest ever half-year 00:01:10.012 -- 00:01:13.538 member financial benefit of £885 00:01:13.538 -- 00:01:18.686 million, which means that including our first member fairer share 00:01:18.686 -- 00:01:22.904 payment in June, we have delivered 1.2 00:01:22.904 -- 00:01:28.212 billion of value to our members and evidence of our strategic commitment 00:01:28.212 -- 00:01:30.956 to rewarding our members. 00:01:30.956 -- 00:01:35.764 You will have seen that we've extended our branch promise to not leave any town or city 00:01:35.764 -- 00:01:39.807 in which we ar...