Manchester Building Society Financial Results for year ending 31st December 2009 |
Manchester Building Society Group made a profit after tax of £213,000 as against a loss
of £116,000 the previous year. In January 2011 they sold Whiteway Laidlaw Bank. During the year total assets decreased
by 4.6% to £894 million and the society only management expense ratio dropped to 0.51% from 0.59%.Impairement losses
were £1,379,000.
The Directors took a £100,000 bonus on these results!!!
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Manchester Building Society Financial Results for year ending 31st December 2009 |
Manchester Building Society made a loss after tax of £116,000 as against a profit of £1.727,000
the previous year. This was after a £400,000 provision for the fscs levy and a write off of £2,500,000 in
the investment in Network Data Holdings plc.
Morgage arrears on accounts over two months in arrears fell by nearly
25%.
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Manchester Building Society Financial Results for year ending 31st December 2008 |
Manchester Building Society made a profit after tax of £1,727,000 as against £4,338,000 the
previous year. This was after a £500,000 provision for the fscs levy and a impairment loss on the £7,000,000 which
was in icelandic bank accounts (75% write down)
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History and Profile of the Manchester Building Society |
The Manchester Building Society was established in 1922 Head Office Manchester Building Society 125 Portland
Street Manchester M1 4QD 0161
923 8000 Branch Manchester Building Society Queens Court 24 Queens Street Manchester M2 5AH Mon-Frid 10am-4pm closed saturday and sunday
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Directors' Remuneration year ended 31/12/2010. |
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Manchester Building Society had a maximum of 7 during the year |
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Manchester Building Society Range of Products |
Manchester Building Society provides a range of savings accounts directly and also through their wholly owned subsidiary Whiteaway Laidlaw Bank (sold january 2011). Manchester Building Society also provides a range of mortgage products including buy to
let, fixed rate mortgages and a range of specialist mortgages.
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