United Kingdom

Details

  • Industry: Financial Services, Banking
  • Type: Business and industry issue
  • Date: 29/08/2011

Building Societies Database 2011 

This report summarises the financial performance of the current 48 UK building societies in a series of tables of statistics, ratios and rankings extracted from the latest published accounts for years ending from August 2010 to April 2011.
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To request the tables in Microsoft ® Office Excel ® format contact UKFS-Banking@kpmg.co.uk

 

Headline findings from the report include:

  • Total sector assets fell by £13.3bn from April 2010 to April 2011: comprised of the transfer out of the sector of Kent Reliance (£2.3bn) and reductions in assets suffered by 9 of the top 13 Peer Group 1 societies (£11.0bn)
  • As regards balance sheet structure, 34 societies reported a reduced level of non-owner occupied lending and 30 societies reported a reduced level of wholesale funding, both trends thereby increasing focus on core member related business
  • Despite continuing difficult market conditions, 28 societies reported an increased bottom line profit for the year, with 4 reporting a loss for the year (compared to 6 for the previous year)
  • 9 of the top 13 Peer Group 1 societies reported increases in net interest margin
  • 28 societies reported reduced mortgage impairment charges, including all the top 8 societies.