The Board was delighted to welcome its regulators, the PRA, to Monday night’s board meeting for their annual visit. They met with the CEO and members of the management team before joining the Directors for the monthly board meeting.

At the meeting the Board discussed and approved the Data Protection, Data Security and Risk Management policies and agreed that the Scotwest Saver Dividend would remain at 0.25% for the coming quarter.

The Board noted that the continued increase in savings by Scotwest members reflects the current trend across the country as reported by the Building Societies Association in its latest market update. We were also pleased to see that we continue to help our Members with their borrowing needs and noted a record breaking month with growth in lending reaching over £1m in May alone.

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