COVENTRY, UNITED KINGDOM — (Marketwire) — 12/02/11 — Coventry Building Society is delighted to have been awarded for 2011 – 2012 by Your Mortgage, an award which has been won by Nationwide for the past 13 years.
The award is judged by a panel of over 200 , based on the feedback they receive from consumers on products and customer service.
On presenting Coventry with this prestigious award, Paula John, editor of Your said “Coventry Building Society has proved itself a worthy winner of the title of Best Building Society in the Your Mortgage Awards 2011/2012. The UK-s third largest mutual society offers long-term, good value mortgages and to the 1.5m members for whose benefit it exists, coupled with superlative service.”
Colin Franklin, Sales and Marketing Director at Coventry Building Society, said: “As a traditional building society we work hard to provide the best savings and mortgage products we can. We are absolutely delighted to be named Best Building Society and to have broken Nationwide-s record! We aim to continue this success with more innovative and market leading products and to deliver the best service possible for our members”.
Notes to Editors
Figures from CBS financial results as reported in August 2011.
– is the third largest building society in the UK with assets exceeding GBP 22.6 billion.
– In the four years since 30 June 2007:
– Total assets grew by GBP 9.7 billion
– Mortgage balances increased by GBP 7.8 billion
– Savings balances increased by GBP 9.2 billion
– Cost to asset ratio of just 0.37% – the lowest reported by a UK building society.
– Core Tier 1 ratio increased to 24.1% (December 2010: 22.0%), the highest reported by a UK building society.
– No provisions were required to be raised as a result of the court ruling with respect to the sale of Payment Protection Insurance.
– The Society has had too few complaints referred to the Financial Ombudsman Service to feature in any of the complaint tables it has published.
– 2011 First half year profit before tax GBP 45.0 million (2010 H1 GBP 43.5 million)
Contacts:
Coventry Building Society
Press Office
0870 607 7727