TSB posts stronger profits despite ‘challenging’ mortgage market

TSB posts stronger profits despite ‘challenging’ mortgage market
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TSB posts stronger profits despite ‘challenging’ mortgage market
Author: Henry Saker-Clark
Published: Feb, 07 2025 08:11

Summary at a Glance

We are confident that we can achieve our future growth ambitions through better supporting customers with their financial goals while continuing to make the business fit for the future.

“We are confident that we can achieve our future growth ambitions through better supporting customers with their financial goals while continuing to make the business fit for the future.

High street lender TSB has revealed a jump in profits for the past year, despite facing a “challenging mortgage market”.

Robin Bulloch, TSB’s chief executive, said: “I am delighted that TSB has delivered another year of record results.

It comes after the bank announced last November that Mr Tulloch will step down from the top job early this year, to be replaced by former director Marc Armengol.

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