Nationwide

Nationwide Building Society
Company typeBuilding society, (mutual)
IndustryBanking and financial services
Founded1846; 178 years ago (1846)
HeadquartersSwindon, England, UK
Key people
David Roberts, chairman
Joe Garner, chief executive
ProductsRetail banking, savings
mortgages, investments, insurance, current accounts, loans, credit cards
Number of employees
18,333
Websitewww.nationwide.co.uk

Nationwide Building Society is a British mutual financial institution, the seventh largest cooperative financial institution[1] and the largest building society in the world with over 15 million members. Its headquarters are in Swindon, England.

Nationwide is the result of over a hundred mergers, the most notable of which are its merger with Anglia Building Society in 1987 and Portman Building Society in 2007. It is now the second largest provider of household savings and mortgages in the UK and has a 7.7% market share of current accounts.

For the financial year 2015/2016, Nationwide had assets of around £208.9 billion[2] compared to £331 billion for the entire building society sector,[3] making it larger than the remaining 44 British building societies combined.[needs update]

It is a member of the Building Societies Association, the Council of Mortgage Lenders and Co-operatives UK.[4]

References

  1. ↑ Global300 Report 2010: The world's major co-operatives and mutual businesses (PDF) (Report). International Co-operative Alliance. Archived from the original (PDF) on 2021-08-13. Retrieved 2021-06-04.
  2. ↑ Mark Rennison – Group Finance Director (23 May 2016). Preliminary Results for the year ended 4 April 2016 (PDF) (Report). Nationwide Building Society. Archived from the original (PDF) on 1 July 2016. Retrieved 27 October 2017.
  3. ↑ "Key Stats". Building Societies Association. Archived from the original on 2016-08-26. Retrieved 2021-06-04.
  4. ↑ "Our History". Nationwide Building Society. Archived from the original on 22 January 2014. Retrieved 16 November 2015.