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30. Progressive Building Society

  • Chief executive: Darina Armstrong
  • Pre-tax profit: £11.8m
  • Employment: 175
  • Pay bill: £6.4m

Progressive Building Society is Northern Ireland’s largest locally-owned financial institution and its only locally-owned mortgage and savings provider.

Pre-tax profits were down 16% to £11.8m though mortgage lending rose by 11% to £205m. Employing 175 people across 12 branches, Progressive has a strong presence across Northern Ireland and describes itself as “an integral part of the economy enabling local savings and members to fund home ownership for local people”.

The company says that as a mutual, it ensures all decisions are taken in the best interest of its members.