(Corrects to show profits are 9-month (not quarterly), paragraphs 1,2)
LONDON, Feb 8 (Reuters) - Britain’s bellwether mortgage lender Nationwide Building Society reported a 21 percent fall in profits for the first nine months of the year, after further ramping up investment in digital banking.
Nationwide reported statutory profits of 703 million pounds ($910.31 million) for the nine months to December, compared to 886 million pounds for the same period a year earlier.
Nationwide, the third largest provider of home loans in Britain with a 13 percent market share, also said it expected its retail lending margins to continue to shrink amid intense competition.
$1 = 0.7723 pounds Reporting by Iain Withers; editing by Lawrence White