NBS surplus up by 22% to $993M

The New Building Society (NBS) ended last year with a surplus of $993 million compared to $813 million in the preceding year, a rise of 22%.

Chief Executive Officer, Ahmad M Khan in his report to the NBS AGM on April 26, said the $993 million surplus was the highest ever recorded in the institution’s history.

The NBS’s asset base has appreciated by 10% to $54 billion. He added that the demand for mortgages continued  …..To continue reading, login or subscribe now.



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