TITLE

Third year of double-digit growth for building societies

PUB. DATE
July 2005
SOURCE
Credit Control;2005, Vol. 26 Issue 7, p48
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that according to a recent study, building societies have recorded their third successive year of double digit growth. Despite fierce ongoing competition from banks and specialised lenders, the combined 63 building societies continue to maintain market share in their core activities. They maintained their 18 percent market share in the mortgage market. The growth of the sector was powered by the performance of Nationwide Building Society which, with assets of over £111 billion in April 2005.
ACCESSION #
19317560

 

Related Articles

  • Focus Shifts To Retention.  // Credit Union Magazine;Aug2004, Vol. 70 Issue 8, p65 

    Reports that mortgage lenders in the U.S. face a 20% to 40% drop in mortgage originations through 2005, according to TowerGroup. Increase in mortgage information technology spending; Mortgage refinancing boom.

  • Break up the building societies cartel, yes -- but how? Barnes, Paul // Accountancy;Aug1980, Vol. 91 Issue 1044, p56 

    This article comments on a proposal that calls for more competition between building societies and the abolition of the recommended rate system in 1980. It is believed that this would lead to a more efficient building society movement. With a reform of the system of taxing societies, both...

  • More CUs Announce Year-End Bonuses.  // Credit Union Journal;2/6/2006, Vol. 10 Issue 5, p19 

    The article reports on the financial performance of credit unions for the year 2005 in the U.S. Insight Financial Credit Union union has declared a 1 percent bonus dividend on all share accounts and loans, returning more than 173,000 dollars to members in the process. Northern Chautauqua Federal...

  • Mostly Good 3d Quarter for Thrifts. Blackwell, Rob // American Banker;11/18/2004, Vol. 169 Issue 222, p4 

    Reports that U.S. federal thrifts' third quarter was the second-best quarter in their history, even though another key profitability measure slipped slightly, according to the office of Thrift Supervision. Statistics on savings associations' net income; Drop in profitability due to higher...

  • Kent Reliance leads way for building society growth. Tryphonides, Andrea // Money Marketing;9/22/2005, p12 

    Reports on the financial performance of savings and loan associations in Great Britain as of the first quarter of the year 2005.

  • Thrifts See Record Origination Volume.  // National Mortgage News;8/25/2003, Vol. 27 Issue 47, p2 

    Focuses on the performance of various thrift institutions in the U.S. Comparison of earnings between the year 2002 and 2003; Increase on the number of single-family home loan applications; Total amount of the market share of various firms.

  • Nationwide Building Society SWOT Analysis.  // Nationwide Building Society SWOT Analysis;June 2003, p1 

    Presents an overview of Nationwide Building Society, the largest building society in the world and one of the largest Great Britain mortgage lenders. Company overview, including revenues generated in fiscal year 2003, services provided, and principal businesses; Key facts, including contact...

  • Company Overview.  // Nationwide Building Society SWOT Analysis;June 2003, p4 

    Presents an overview of Nationwide Building Society, the largest building society in the world and one of the largest Great Britain mortgage lenders. Revenues generated in fiscal year 2003; Services provided, including mortgages, loans, savings accounts and insurance products.

  • Key Facts.  // Nationwide Building Society SWOT Analysis;June 2003, p4 

    Presents key facts about Nationwide Building Society, the largest building society in the world and one of the largest Great Britain mortgage lenders. Address and contact information; Revenues and financial year end data; Number of employees.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics