Century Building Society

News

September 2012 - Century are in talks to merge with Scottish Building Society. No cash payouts are on offer to members.

Financial Results Year Ended 31/12/2010

They posted a profit after tax for the year of £6,431 This figure is after provisons of £36,423 relating to £9,737 for the FSCS Levy and £26,686for bad and doubtful debts. .
Management expenses as a % of mean total assets increased from 1.66% to 1.76%.

Financial Results Year Ended 31/12/2010

The Century Building Society posted a loss after tax for the year of £116,907. This figure is after a provison of £86,589 for bad debts.
Management expenses as a % of mean total assets increased from 1.55% to 1.61%.

Financial Results Year Ended 31/12/2009

The Century Building Society posted a profit after tax for the year of £4,829 (2008 £3,075). This figure is after the reinstatement of a contribution of £41,663 to the FSCS and a provision of £67,402 for bad debts.
Management expenses as a % of mean total assets dropped from 1.59% to 1.55%.

Financial Results Year Ended 31/12/2008

The Century Building Society posted a profit after tax for the year of £3,075 (2007 £94,312). This figure is after the contribution of £70,000 it is required to make to the FSCS.
Total assets increased during the year by 7.89% and the mortgage portfolio increased by 11.79% (excluding provisions)
Management expenses as a % of mean total assets dropped from 1.66% to 1.59% which although an improvement is still over 3 times higher than for instance the Leeds Building Society.

History of the Century Building Society

The Century Building Society was established in 1899 and was originally called The New Edinburgh Investment Building Society. This was changed to the Century Building Society in 1946. Today Century is the smallest of the remaining 55 building societies in the United Kingdom and has one branch/head office.
Century Building Society
21 Albany Street
Edinburgh
EH1 3QW
Tel 0131 556 1711
mail@century-bs.co.uk

Product Range

The Century Building Society offers 2 and 3 year fixed rate bonds a cash ISA and an instant access savings account as part of it's range of savings products plus a range of mortgage products which they can tailor to suit personal requirements.

Century Buiding Society,