Progressive Building Society Profile and History. |
Founded 1914 by Samuel R Howard and today is Northern Ireland's largest building society. Head Office Progressive Building Society 33/37 Wellington Place Belfast BT1 6HH Tel 028 9024 4926 Branches 79/81 Wellington Street, Ballymena 6 Castle Street, Bangor 11 Donegall Square South, Belfast 17 The Diamond, Coleraine 24 High Street, Enniskillen 323 Antrim Road, Glengormley 3
Market Place, Lisburn 26 The Diamond, Londonderry 4 Conway
Square, Newtownards 40 High Street, Omagh 12 Market Street,
Portadown
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Progressive Building Society Directors Remuneration. |
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Increase in accrued pension |
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6,000
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3,000
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3,000
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Progressive had a maximum of 6 over year |
141,000
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584,000
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Progressive Building Society Product Range |
The Progressive Building Society offers savers a range of savings accounts including ISAs, Best Fixed Rate Bonds, Notice Accounts, Instant Access and Capital Bonds. For those looking for mortgages they can offer Fixed Rate Mortgages, Variable Rate Mortgages
and Tracker Mortgages. Progressive also offers buildings amd contents insurance and mortgage payment plan protection.
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Progressive Building Society Financial Results Year Ended 31st December 2010. |
The Progressive Building Society made a profit after tax of £2,227,000 as against £1,051,000
the year before. This profit figure was after a contribution/provision of £549,000 to the fscs levy and a provision
of £4,182,000 for bad and doubtful debts.
New mortgage advances fell by 24% to £107 million and savings
balances grew by £36.3 million to reach £1,484.6 million.
The management expense ratio was 0.48%. The annual
result state that the society experienced a risein the frequency of mortgage arrears towards the end of the year.
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Progressive Building Society Financial Results Year Ended 31st December 2009. |
The Progressive Building Society made a profit after tax of £1.051,000 as against £1,866,000
the year before. This reduced profit figure was after a contribution/provision of £146,000 to the fscs levy and a provision
of £474,00,000 for bad and doubtful debts. The other contributing factor to the reduced profits was a reduction in the
interest which reduced from 1.07% in 2007 to 0.73% in 2008 and 0.51 in 2009. Gross Lending 141 Million
Management expense ratio 0.48%
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Progressive Building Society Financial Results Year Ended 31st December 2008 |
The Progressive Building Society made a profit after tax of £1.866,000 as against £6,332,000
the year before. This reduced profit figure was after a contribution/provision of £1,364,000 to the fscs levy and a
provision of £913,000 for bad and doubtful debts (2007 nil) The other contributing factor to the reduced profits was
a reduction in the interest which reduced from 1.07% in 2007 to 0.73% Highlights 2008 New Lending 2008 £246 million New
Retail Savings £418 million Management expenses to average assets ratio of 0.51%
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