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Mortgage portfolio acquisition drives growth at VMBS

Loop News Victoria Mutual Group President and CEO Courtney Campbell The Victoria Mutual Building Society has released its results for the year ended December 31, 2020, which show a net profit of $2.64 billion, 23 per cent above the previous year.  Revenue increased by 31.9 per cent to $14.96 billion, driven by a one-off gain from the purchase of loan receivables under the National Housing Trust (NHT) Joint Mortgage Financing Programme. During the year, VMBS grew total assets by $7.04 billion...
United States United Kingdom Courtney Campbell Fvm Team Mortgage Financing Programme Vm Innovations

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