NBS registers record surplus of $772M

Dr N K Gopaul

Amid robust demand for mortgages, the New Building Society (NBS) rattled up a record surplus of $772M for 2011, 34% higher than in 2010.

NBS is to hold its Annual General Meeting on April 28, 2012 and it will be held at the Society’s new head office at Lot 1 North Street and Avenue of the Republic for the first time.

In his statement in the annual report, Chairman Dr N K Gopaul said that the record surplus was attained despite lower mortgage rates for lower, middle and higher income mortgagors at the