Nationwide Announces £600m Member Payout

Nationwide Building Society ( (GB:NBS) ) has provided an update.

Nationwide Building Society has announced a one-off discretionary payment of £50 to over 12 million members, termed ‘The Big Nationwide Thank You’. This distribution, amounting to over £600 million, will be reflected in the financial statements for the period ending 31 March 2025, impacting the Group’s CET1 and leverage ratios. This gesture signifies Nationwide’s commitment to returning value to its members and may influence its financial metrics and market perception.

More about Nationwide Building Society

Nationwide Building Society is the world’s largest building society and a leading provider of savings, mortgages, current accounts, credit cards, ISAs, and personal loans in the UK. With approximately 16 million customers and members, the society operates through branches, a mobile app, telephone, internet, and postal services. It employs around 18,000 people, with its head office in Swindon and additional administration centers in Northampton, Bournemouth, and Dunfermline.

YTD Price Performance: 1.53%

Average Trading Volume: 2,812

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £1.4B

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