The Board of West Bromwich Building Society provided updated guidance on its current expectation for the interim CCDS distribution for February 2021 (the 'Interim Distribution'). Despite the reported fall in profits, the Society has maintained its capital strength with a CET1 ratio of 16.5% as at 30 September 2020 which the Board believes, taking into account the interests of the Society's members as a whole, should enable the Interim Distribution to be held at the level paid in August 2020 of £0.50 pence per CCDS. The CCDS Distribution Policy (the 'Distribution Policy') dated 10 April 2018 set out the Board's intentions at the time for the targeted path of distributions.