CUMBERLAND Building Society has produced a strong set of financial and business results for the latest financial year.

Savings and current account balances increased by 6.2 per cent, with an inflow of funds of £80 million.

Assets now exceed £1.9 billion and the society is the 10th largest building society in the UK.

It also recorded a profit after tax of £10.22 million which, relative to size, is again one of the best results in the building society industry.

MORE TOP STORIES: Chairman Michael Pratt said: “The Cumberland remains extremely strong, successful, and most of all, trusted by its members, because of its track record of providing first class service and value for local people. We will continue to build on this and do all we can to develop further as we strive to be the natural choice for financial services for the people of our region.”