Strength and stability, Secure for our members
We think it's important that you can be confident in the strength of your savings or mortgage provider. That's why we've worked hard to build a strong foundation for Coventry Building Society.
We're really proud of our record as one of the UK's strongest financial institutions. In fact, we've retained 'A-ratings' throughout the credit crisis from both Fitch (A) and Moody's (A3), the two rating agencies that analyse the building society sector.
We're careful how we spend money. After all, it's our Members' money we're spending. That's why we're the most cost-efficient building society in the UK. In 2011, for every £100 of members' assets we held, we spent only 37p, on average, to run the business.
Here are some other highlights:
In the five years since the credit crisis started your Society has:
- Achieved the highest organic growth in mortgage and savings market share of any top ten building society
- Reported strong profits, grown mortgages and increased savings balances in each and every year
And is the largest high street bank or building society never to appear in Financial Ombudsman Service tables of complaints - we simply had too few complaints referred to feature.
For more information, see our financial results.
2011 year end financial results - news release (PDF)
