Monmouthshire Building Society latest news
March 2011 The Monmouthshire Building Society Cash ISA 2 is an ideal way to make the most of your tax-free privilege, plus they’re simple to open and allow you to earn an attractive rate of 2.50% interest on your tax free savings.

Monmouthshire Building Society Financial Results year ended 30.04.2010
Monmouthshire Building Society made a profit after tax of £1,891,639. Provisions were £117,457 and the fee for the fscs levy £105,000.
 
The management expense ratio dropped from 0.86% to 0.78%

Gross mortgage lending increased to 90 million and the average LTV of the building societies commercial assets was 44%. Savers choosing the Monmouthshire resulted in a net inflow of funds of £33 million.

Monmouthshire Building Society Financial Results year ended 30.04.2009
Monmouthshire Building Society made a profit after tax of £2,004,958,000. Provisions were £162,658 and the fee for the fscs levy £510,000.
 
The management expense ratio dropped from 0.87% to 0.86%

Monmouthshire Building Society Financial Results year ended 30.04.2008
Monmouthshire Building Society made a profit after tax of £2,639,000. Provisions for bad and doubtful debts was £458,920 (2007-£253,565). At the end of the year there were ten mortgage loans that were 12 months or more in arrears there were also 5 properties in possession at the year end. Net mortgage lending increased by 143% to £62 million. Share and deposit accounts grew by £77 million.

Monmouthshire Building Society Products
For savers Monmouthshire Building Society products include instant access savings accounts, childrens accounts, notice accounts, ISA, regular savings and bonds. Mortgage products include fixed rate, remortgages,level discount,buy-to-let and self build. Monmouthshire Building Society can also offer home insurance, life assurance, mortgage protection and financial planning.


Monmouthshire Building Society Profile and History
Monmouthshire Building Society was founded 23/01/1869 with the first loans being made in May of that year.
Head Office
Monmouthshire Building Society
Monmouthshire House
John Frost Square
Newport
South Wales
NP20 1PX
Tel 01633 844 444
Branches
66 Newport Road,Caldicott,NP26 4BR
87 Caerphilly Road,Birchgrove,Cardiff,CF14 4AE
19 High Street,Chepstow,NP16 5LQ
9 The Arcade,Cwmbran,NP44 1PQ
234 Stow Hill,Newport,NP20 4HA
145 Chepstow Road,Newport,NP19 8GE
10 Agincourt Square,Monmouth,NP25 3DY
33b Tredegar Street,Risca,NP11 6BU
25 Bridge Street,Usk,NP15 1BQ
18 Union Street,Swansea,SA1 3EH

Monmouthshire Building Society Directors Remuneration year ended 30/04/2010.
Name
Salary/Fees
Bonus
Increase in Accrued Pension 
Benefits
Total
A.M.Lewis
154,673
25,000
3,487
2,305
185,465
P.Leader
70,317
9,100
1,625
1,790
82,832
W.J Carroll
57,629
7,800
8,622
2,768
76,819
Non Executive Directors
         
Monmouthshire Building Society had a maximum of 7 over year

162,909

     
162,909
Totals
       
508,025


monmouthshire building society savings,mortgages,insurance and financial planning.