The Leeds Building Society is an independent Building Society founded in 1875.
Today the head office is at 105 Albion Street, Leeds LS1 5AS. They have branches throught the UK and Leeds supply a range
of products including savings accounts, mortgages, home insurance, car insurance, travel insurance and life insurance.
For the year ended 31/12/2010
Leeds Building Society results showed (previous years figures in brackets).
Profit for the year £30,900,000 (£22,600,000)
Executive Directors Pay £1,350,000 (£1,085,000)
Non Executive Directors £323,000 (£346,000)
For the year ended 31/12/2010 residential arrears (2.5% or more of outstanding mortgage balances) improved
to 2.16% (2.24%). The charge for residential losses was £15,400,000 (£12,200,000). The average loan to value on
mortgages taken out during the year was 53%.
On 2010 The
Leeds Building Society attracted over £2bn of new savings resulting in a net increase in balances of £245 million
taking the total to over £7bn. During the year the Leeds attracted 52,000 new members.