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.
There are no demands for shareholder dividends. Instead Progressive says there is a strong focus on re-investing in the economy, in Progressive’s branches, in the development of new technology, staff training and new products to meet the needs of its members and customer base.
Progressive Building Society
33-37 Wellington Place, Belfast
Tel 028 9024 4926