Newcastle Building Society Sponsors Newcastle Mela and Posts Strong Half‑Year Profit

Newcastle Building Society confirmed its role as principal sponsor of the Newcastle Mela for a third consecutive year. The free multicultural festival, organized by Newcastle Asian Arts and Music, will run from 29 August to 1 September across the city centre and Exhibition Park, with organisers expecting up to 40,000 visitors. The event will showcase South Asian music, dance, food, fashion and family activities, and includes a stand where the society will engage with the public alongside the North East Anti‑Racism Coalition.

In its half‑year financial report for the period ending 30 June 2026, the mutual posted a pre‑tax profit of £15.1 million, up from £10.8 million a year earlier. Total assets rose to £7.4 billion and savings balances reached £6.2 billion, while mortgage lending increased to £623 million. The society highlighted continued investment in digital infrastructure, branch expansion and member‑focused rates, reporting a 97 % customer satisfaction score and a Net Promoter Score of +85.