Building Society
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High Quality Content by WIKIPEDIA articles! A building society is a financial institution, owned by its members, that offers banking and other financial services, especially mortgage lending. The term building society first arose in the 19th century, in the United Kingdom, from co-operative savings groups. In the UK today building societies actively compete with banks for most personal banking services, especially mortgage lending and deposit accounts. At the start of 2008, there were 59 building societies in the UK, with total assets exceeding Pds. 360 billion. Every building society in the…mehr

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High Quality Content by WIKIPEDIA articles! A building society is a financial institution, owned by its members, that offers banking and other financial services, especially mortgage lending. The term building society first arose in the 19th century, in the United Kingdom, from co-operative savings groups. In the UK today building societies actively compete with banks for most personal banking services, especially mortgage lending and deposit accounts. At the start of 2008, there were 59 building societies in the UK, with total assets exceeding Pds. 360 billion. Every building society in the UK is a member of the Building Societies Association. The number of societies in the UK fell by four during 2008 due to a series of mergers brought about, to a large extent, by the consequences of the financial crisis of 2007-2009, and three further mergers took place in 2009, leaving 52 remaining independent societies.