Ipswich Building Society reports on a very good 160th year

1 March 2010



Ipswich Building Society members will from today start receiving details of the Society’s results for 2009.

Despite the turmoil in the financial services industry and the very difficult conditions of the UK recession the Society has announced a strong set of results.

Highlights include


• Total Asset growth of 9% to £462 million


• Mortgage lending of £76 million


• Net savings inflow of £24 million


Commenting on the results, Paul Winter, Chief Executive, Ipswich Building Society, said: “The confidence and trust our customers have shown have been essential to Ipswich Building Society’s success during a period when many other financial institutions have suffered. We have achieved this through taking our responsibility to our customers and to our wider community seriously and through our continual focus on quality of service and innovative, competitive products.”

Further details of the Society’s achievements will be given at the Society’s AGM on 24th March.


Ends


Ref: IBS 025-10


For further press information please contact:


Penny Arbuthnot, Project PR


Tel: 01473 326401 (07885 238374)


Email: penny.arbuthnot@projectpr.biz


Twitter: www.twitter.com/IpswichBuildSoc


Notes to editors:


1. Ipswich Building Society is hosting a media lunch on Thursday 4th March, 12.30pm – 2pm. If you have not already confirmed your attendance and you would like to attend please contact Penny Arbuthnot at Project PR on 01473 326401.


2. Ipswich Building Society has approximately 65,000 members and currently has over 80,000 savings accounts and over 5,000 mortgage accounts.


3. The Society’s head office is at 24, The Havens, Ipswich IP3 9SJ where there is also a contact centre.


4. There are nine branches across Suffolk in Aldeburgh, Saxmundham, Halesworth, Woodbridge, Tower Ramparts Ipswich, Ravenswood Ipswich, Hadleigh, Haverhill and Sudbury.


5. 80% of the Society’s members live in the East of England with the remainder living across the UK.


6. Ipswich Building Society was established in 1849 and celebrated the 160th anniversary of its formation in 2009.


7. See www.ibs.co.uk or www.twitter.com/IpswichBuildSoc