Nationwide Building Society Financial Results for year ended 04/04/2009 |
The final results show that Nationwide Building Society made a profit before tax of £162
million. This was after a payment to the fscs levy of £241,000,000. Costs of £107 million were incurred with the
restructuring and integration of the portman, cheshire and derbyshire building societies.
Mortgage accounts
3 months or more in arrears were 0.44% of nationwide mortgages.
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Nationwide Building Society Financial Results for Half Year (Interims) to 30/09/2009 |
The interim results show that Nationwide Building Society made a profit before tax of £322
million. The average loan to value of mortgages made in the first half of the year was 60% (2007 61%). 311 properties were
taken into possession during the 6 months. 5.85% of credit cards and 6.10% of personal loans were 30 days or more in
arrears. UK Retail savings balances grew by 3%, gross lending on credit cards was up 4% and 248,000 new current accounts were
opened.
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Nationwide Building Society Profile and History |
Nationwide Building Society is larger than the rest of the building societies combined and is committed
to remaining a mutual building society. Because of its size it is one of a few building societies that truly can take on the
banks in the financial products arena and regularly has products in the best buy tables. Nationwide Building Society can trace its origins to the Provident Union Building Society established in
Ramsbury, Wiltshire (1846), the Northampton Town & County Freehold Land Society, Northampton (1848) and the Southern Co-operative
Permanent Building Society, London (1884). Over a hundred mergers later with the big
ones being the mergers between Nationwide and Anglia building societies in 1987 and between Nationwide and Portman in
2007, Nationwide are now the UK's second largest mortgage lender and second largest savings provider. Nationwide Building Society, Head Office, Nationwide House, Pipers Way, Swindon SN38 1NW.
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Nationwide Building Society Product Range |
With the Nationwide Building Society being the largest building society in the UK the range of products
on offer are substantial. For savers the accounts include instant access savings accounts, notice accounts, cash ISAs, e-Savings,
fixed rate bonds, overseas savings accounts, and regular saver accounts.Mortgages include fixed rate mortgages, tracker mortgages
and variable rate mortgages. Insurance products include home insurance, car insurance, travel insurance and shops insurance.
Nationwide Building Society can also offer travel insurance, travel money, loans,
current accounts and credit cards.
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