Ipswich Building Society has maintained a strong, consistent performance in 2017.
We ended the year with a £44m increase in mortgage assets, an increase in retail savings balances of £26m, total Regulatory Capital increased to £34m and achieved a healthy profit of £3.1m (before tax).
Alan Harris, Chairman
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Key Results
- Total mortgage assets £521m (2016: £477m)
- Total savings balances £567m (2016: £541m)
- Total profit (before tax) £3.1m (2016: £2.6m)
Capital Performance
- Total Regulatory Capital £34m (2016: £32m)
- Gross capital and free capital as a percentage of share and deposit liabilities stood at 5.68% (2016: 6.03%) and 5.05% (2016: 5.27%) respectively
Arrears and Possessions
- Mortgage accounts where the level of arrears were the equivalent of more than 12 monthly payments: 5 (2016: 5)
- Properties in possession: 5 (4 of which are under offer) (2016:8)
Key Performance Indicators
