Stephen's View
June 2011
I'm pleased to be able to say that in these tough economic times Chorley Building Society is going from strength to strength and has announced record results for the latest financial year ending 7th February 2011.
Key Highlights of the Year
- Net Profits up 22.54% to £647k
- Asset growth of 3.32%
- Reduction in management expenses ratio to 1.14%
- Capital ratio of 6.87%
- Liquidity ratio of 33.39%
- Customer growth of 21.43%
- Net mortgage lending up 7.55%
- Share balances up 6.46%
- Mortgage book average loan to value ratio of 39%
- Reduction in the number of mortgage arrears cases of 24.59%
- No properties in possession at the year end
Stephen Penlington
Chief Executive Officer
Contact Us
You can contact Chorley Building Society by calling us on:
01257 235000
You can also email us at:
chorley@chorleybs.co.uk
