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August 04, 2015 4:19 AM ET

Thrifts and Mortgage Finance

Company Overview of Nottingham Building Society

Company Overview

Nottingham Building Society operates as a mutual building society in the United Kingdom. The company offers mortgages; savings products; home and landlord insurance; and investment products. It is also involved in the provision of estate agency and lettings services; market mortgage broking services. Nottingham Building Society was founded in 1849 and is based in Nottingham, the United Kingdom.

Nottingham House

3 Fulforth Street

Nottingham,  NG1 3DL

United Kingdom

Founded in 1849

650 Employees

Phone:

44 8444 814 444

Key Executives for Nottingham Building Society

Chief Executive Officer, Executive Director, Member of Nominations Committee and Member of Risk Committee
Age: 50
Deputy Chief Executive Officer, Finance Director, Executive Director and Member of Risk Committee
Age: 52
Chief Operating Officer, Executive Director and Member of Risk Committee
Age: 45
Head of Treasury Risk
Head of Finance
Compensation as of Fiscal Year 2015.

Nottingham Building Society Key Developments

Nottingham Building Society Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015

Nottingham Building Society reported Unaudited consolidated earnings results for the six months ended June 30, 2015. For the half year, the company reported net interest income of £24.3 million compared to £22.9 million reported in the same period last year. Total net income was £28.9 million compared to £28.5 million, reported in the same period last year. Profit before tax was £9.3 million compared to £8.9 million, reported in the same period last year. Profit after tax for the financial period was £6.5 million compared to £7.0 million, reported in the same period last year. Cash flows from operating activities was £11.7 million compared to £11.1 million reported in the same period last year. Capital expenditure and financial investment was £21.1 million compared to £0.2 million reported in the same period last year.

Nottingham Building Society Reports Earnings Results for the Year Ended December 31, 2014; Plans to Add New Locations at Ashbourne and Matlock

Nottingham Building Society reported earnings results for the year ended December 31, 2014. For the year, the company reported profit before tax of £17.4 million and profit of £13.9 million on net interest income of £48.9 million against profit before tax of £12.8 million and profit of £10.2 million on net interest income of £38.1 million reported for the same period a year ago. Total net income was £59.4 million against £49.4 million a year ago. The company plans to add building society services to a further four locations in 2015 including brand new locations in Ashbourne and Matlock.

Nottingham Building Society Announces Two Non-Executive Directors Appointments

Nottingham Building Society has announced the appointment of two non-executive directors. Andrew Neden recently retired from KPMG after a 30 year career. His roles included head of financial sector transaction services and global chief operating officer for KPMG Financial Services. Guy Thomas was most recently director of the Principality Building Society.

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