Yorkshire Building Society

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Yorkshire Building Society
Type Building Society (Mutual)
Founded 1864
Headquarters Bradford, West Yorkshire, England
Key people Iain Cornish, Chief Executive
Industry Banking and Financial Services
Products Savings, mortgages, investments,
loans, credit cards, insurance
Net income £39.2 million GBP (December 2007), 27.0% on 2006
Total assets £20.5 billion GBP (December 2007), 16.7% on 2006
Employees 2,513 (2008)
Website www.ybs.co.uk

The Yorkshire Building Society is the third largest building society in the UK,[1] with its headquarters in Bradford, West Yorkshire, England. Assets now exceed £20 billion.

In 1864, the Huddersfield Equitable Permanent Benefit Building Society was founded in Huddersfield and expansion through a series of agreed mergers, predominately with the Bradford Permanent Building Society in 1975, has seen it evolve into today's building society. The current name came into use in 1982, following the merger of the Huddersfield & Bradford Building Society and the West Yorkshire Building Society.

Despite changes in the industry in recent years, the Yorkshire remains as one of the major mutual building societies in Britain - a review in 1995 confirmed that their mutual status was important to them, so that they remain answerable to their members, rather than outside shareholders.

The Yorkshire currently provides financial services both directly and through a 131-strong branch network and associated agencies across the UK. It is a member of the Building Societies Association.

The branch in Coventry

References

  1. ^ AssetsApr2008.xls

External links

This article is from Wikipedia. All text is available under the terms of the GNU Free Documentation License.


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