British lender Nationwide reported an 18% drop in its underlying half-year profit, and called for changes in the way contributions to the UK's depositor compensation scheme are set.
Nationwide, the country's second-biggest mortgage lender, said its underlying pretax profit for the year to September 30 was £322m sterling, down from £394m the same time last year.
Nationwide, which is owned by its savers and borrowers, also said it planned to lobby for a review of how individual banks' contributions towards the cost of funding the UK Financial Services Compensation Scheme - used to compensate savers in the event of a banking collapse - are determined.
'It is highly regrettable that the cost of failure of banks who took on substantially greater levels of risk than we are prepared to should be borne by Nationwide's members,' the lender said.
