West Bromwich Building Society Profile and History |
Founded 1849 35 Branches Employ 850
Staff Head Office West Bromwich
Building Society 374 High Street West Bromwich West Midlands B70 8LR Tel 0845 3300611
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West Bromwich Building Society Directors' Remuneration year ended 31/03/2010. |
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Increase in Accrued Pension |
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150,000
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102,000
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28,000
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2,000
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5,000
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35,000
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10 Non Executive Directors during the year |
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West Bromwich Building Society Financial Results year ended 31/03/2010. |
West Brom made a loss for the year of £17,000,000. This includes impairement losses on
loans and advances of £20,600,000.
Mortgage arrears fell from 1.73% to 1.55%. During the year the west bromwich
attracted a net inflow of £2.9 billion meaning the mortgage book is funded by 1.29 times by retail savings.
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West Bromwich Building Society Financial Results year ended 31/03/2009. |
West Brom made a loss for the year of £39,300,000. This includes paying £12,200,000 to
the fscs levy and impairement losses on loans and advances of £65,200,000.
The net interest margin dropped
to 0.61% from 0.78% and mortgage arrears were running at 1.00%.
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West Bromwich Building Society Financial Results year ended 31/03/2008 |
West Brom made a profit for the year of £28,300,000. Total Group assets grew by 15.4% with the value
of mortgage balances £7.28bn at the year end. Savings balances grew by £1bn to £5.52bn. 35% of the societies
retail funding comes from fixed rate products.
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West Bromwich Building Society Product Range |
West Bromwich Building Society as one of the larger societies has a wide product range. For savers the
savings accounts available include easy access, fixed rate bonds, children's accounts, company accounts, ISAs and privileged membership accounts. Mortgage products include 2,
3 and 5 year fixed rate mortgages. West Bromwich Building Society can also offer financial planning from professionally
qualified Financial Planning Managers for products like life insurance and pensions and home contents and buildings insurance.
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