Belfast Telegraph

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”.

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