The Coventry Building Society has posted gross mortgage lending figures of over £2.7 billion, which equals 15% of all new lending by building societies.
Its net mortgage lending figure of £919 million is equivalent to 8% of all net lending undertaken across the market as a whole, according to the Council of Mortgage Lenders.
In reporting its results, the mutual has reiterated that 100% of its mortgages are funded by retail savings, capital and reserves.
The Coventry made a record operating profit before impairments and exceptional items of £75.0 million, with profit before tax at £56.2 million and profit after tax at £43.5 million.
David Stewart, the Coventry’s chief executive, said: “I am pleased to report that Coventry has performed extremely strongly in what has undoubtedly been a very difficult environment. Our performance is based upon the consistent application of a simple and traditional building society model. We have been successful in attracting and retaining savings balances and have maintained our track record of growth with responsible lending. These results confirm Coventry Building Society to be one of the most resilient mortgage lenders in the UK and show that building societies are alive and well in 2010.