A NEWPORT-BASED financial institution has recently achieved a major financial milestone after revealing it has £1 billion in assets.

Monmouthshire Building Society, which has been in existence for 145 years, will be giving back to the wider local community through various funding projects.

Chief executive Andrew Lewis said: “Monmouthshire Building Society has recently experienced another exceptional year of business and growth. Our members remain at the heart of what we do, and their ongoing loyalty has been a major contributor to this outstanding achievement. We offer a heartfelt thank you to all of our members who have helped the Society reach this landmark financial position.

“We are delighted to be able to celebrate our momentous achievement through a series of community-focused projects. As a regional mutual organisation, we take particular pride in our ongoing commitment to the local communities in which we operate, and look forward to spreading some much needed funds to many worthwhile projects across South Wales.”

More information is available by visiting monbs.com/acornfund