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Yorkshire cashes in on banks blow

Nick Goodway
Thursday 21 February 2013 23:43 GMT
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Public mistrust of banks has been good news for building societies, according to the country's second largest Yorkshire, which saw 324,000 new savings accounts opened in 2012.

"There was a clear increase in people moving across as more and more scandals broke over the summer," its chief executive Chris Pilling said.

Yorkshire saw pre-tax profits rise by 21 per cent to £157m last year while its core tier ratio, the key measure of balance sheet strength, rose from 12.6 per cent to 13.6 per cent.

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