SKIPTON Building Society, which has a branch in Bury, has announced its half-year results to June 30.

Group assets are £7.8 billion and pre-tax profits total £38.1 million. Year on year figures show group assets grew by 11.25 per cent, mortgage balances rose by 9.62 per cent and Society mortgage balances increased by 12.16 per cent.

Skipton chief executive and director John Goodfellow said: "I'm very pleased to report such positive financial figures for the half-year.

"The Skipton Group has been built up over a long time and with profitable subsidiaries we are now entering the next phase -- refocusing on our core areas of retail, servicing, housing and advice."