Financial Results year ended 31/12/2009 |
Coventry Building Society made a profit after tax for the year £43.5 Miliion as against a profit
the previous year of £18.8 million. This figure is after a contribution of £2.0 million to the fscs levy.
The Coventry Building Society also raised a an impairement charge of £19.9
million to reflect the potential non recovery of loans and advances.
At the year end
the average loan to value of the mortgage book for new loans was 51%. Highlights Share of Building Societies mortgage market 15% Only 0.8% of morgage accounts 2.5% or more in arrears Management expenses as
a % of average assets 0.38% (2008 0.40%)
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Financial Results year ended 31/12/2008 |
Coventry Building Society made a profit after tax for the year £18.8 Miliion as against a profit
the previous year of £46.8 million. This figure is after a contribution of £11.4 million to the fscs levy. Another
£7 million is expected to be needed in the next 2 years. The
Coventry Building Society also raised a one off impairement charge of £23.9 million to reflect the potential
non recovery of debt securities issued by icelandic owned bank singer & friedlander/kaupthing. At the year end the average loan to value of the mortgage book was 53%. Highlights Share of Building Societies mortgage
market 29% Only 0.3% of accounts in six months or more arrears Retail
Savings grew by £2.1 billion
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Coventry Building Society Profile and History |
Established in 1884 as the Coventry Permanent Economic Building Society. In 1983 merged with the Coventry
Provident to become what is now the Coventry Building Society. Registered
Office Coventry Building Society Economic House PO Box 9 High Street Coventry CV1 5QN Tel 0845 7665522 Branches Coventry Building Society has 48 branches
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Coventry Building Society Directors' Remuneration year ended 31/12/2009 |
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Coventry had a maximum of 8 over year |
245,000
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The Coventry Building Society offers a range of products. For savers some of the accounts available are
fixed rate bonds, instant access savings accounts, tax free accounts, children's and over
50's. Coventry offer a range of mortgage products, insurance products including home and contents, landlords insurance, life insurance and critical illness as well as travel insurance and travel money.
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