A year in review
2011 has been one of our most successful years yet, with great performances all round.
Have a look through the information below to find out a bit more about what we've been up to in the last 12 months.
Despite the turbulent financial climates the Society delivered another very successful performance in 2011. We did it by staying true to our mutual traditions, our members' needs and not deviating from what we know. This means keeping costs low, not taking risks with our members' money, focusing on lending prudently and offering innovative and competitive products.
Profit before FSCS levy and merger related items increased by 12% over 2010.
(Operating profit after impairments and before exceptional items)
Just 0.72%, reflecting the benefit to members of sector leading cost-efficiency.
(Net interest income/Average total assets)
Spending just 37p for every £100 of assets, Coventry is the most cost-efficient building society reported in the UK.
(Administrative expenses, depreciation and amortisation/Average total assets)
Amongst the lowest level reported by any major bank or building society.
(Impairment losses on loans and advances to customers/Average loans and advances to customers)
Gross mortgage lending equivalent to 17% of all mortgage advances by building societies and mutual lenders.
Net mortgage lending equivalent to 18% of total growth in mortgage balances in the UK.
Coventry's share of total UK mortgage stock has increased by two thirds since 2006.
Growth in 2011 represents double the Society's natural market share.
Record share of total UK savings, increasing balances by over 130% since 2006.
All loans funded by savings and reserves.
Member reserves and other capital resources increased by £58m, providing security to members.
(Equity, subordinated liabilities and subscribed capital)
The highest core tier 1 ratio reported by any major high street bank or building society.
Here are just some of the highlights:
