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Results

Ipswich Building Society has maintained a strong, consistent performance in 2017.

Alan Low Res

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

Fanned out IBS AR 2017

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

 

Arrears

Profit before tax

 Regulatory Capital

Mortgage Assets 

Management Expenses

Retail savings balances 

Your home may be repossessed if you do not keep up repayments on your mortgage.