The Century Building Society posted a profit after tax for the year of £3,075 (2007 £94,312).
This figure is after the contribution of £70,000 it is required to make to the FSCS.
Total assets increased during the year by 7.89% and the mortgage portfolio increased by 11.79% (excluding provisions)
Management expenses as a % of mean total assets dropped from 1.66% to 1.59% which
although an improvement is still over 3 times higher than for instance the Leeds Building Society.