New prudential building society limited
New Prudential Building Society Limited (NPBSL) is a UK-based building society that was established in 1860. Here are some key facts about the society:
History: NPBSL was founded in 1860 as the Prudential Building Society, with the aim of providing affordable housing and financial services to the working class. Over the years, the society has undergone several mergers and acquisitions, including a merger with the Yorkshire Building Society in 2017.
Services: NPBSL offers a range of financial services, including:
- Savings accounts: NPBSL offers a variety of savings accounts, including instant access accounts, fixed-rate bonds, and ISAs.
- Mortgages: The society provides mortgages for first-time buyers, home movers, and remortgagers.
- Insurance: NPBSL offers a range of insurance products, including life insurance, critical illness cover, and income protection.
- Investments: The society offers a range of investment products, including stocks and shares ISAs, bonds, and investment funds.
Branch network: NPBSL has a network of over 100 branches across the UK, as well as a large ATM network and online banking facilities.
Membership: NPBSL is a mutual organization, which means that it is owned by its members. Members have a say in the running of the society through an annual general meeting and can also participate in the society's decision-making process through a member council.
Financial performance: NPBSL is a well-capitalized society with a strong financial performance. In its latest annual report, the society reported a profit before tax of £23.4 million and a total asset value of £12.4 billion.
Awards and recognition: NPBSL has received several awards and recognition for its services and products, including "Best Building Society" at the Moneyfacts Awards and "Best Mortgage Provider" at the What Mortgage Awards.
Overall, New Prudential Building Society Limited is a well-established and reputable building society that offers a range of financial services to its members.