Nationwide Building Society

Founded in 1875, Nationwide Building Society provides a wide range of mortgage and savings products at competitive rates to its customers (residents of the United Kingdom only). Savings accounts made with Nationwide Building Society are covered by British deposit guarantee scheme.

Bank Category

Building societies

Services

Retail Banking

Financials

Total Assets (2017)
221.67 bln GBP  (+6.09%)
Total Members (2017)
15 200 000  (+2.70%)

Nationwide Building Society is the 11th largest bank in the United Kingdom in terms of total assets. In 2017 its total assets were 221,67 bln GBP, providing the bank with the market share of 2.51%. Nationwide Building Society is the 1st largest building society in the United Kingdom (out of 44 building societies) having market share of 58.93% amongst the building societies of this category. In 2017 there were 15 200 000 members in Nationwide Building Society.

Nationwide Building Society is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A (high credit quality). Long-term credit rating assigned to the bank by Moody's is Aa3 (high grade).

Nationwide Building Society participates in deposit guarantee scheme of the United Kingdom. This scheme covers accounts up to 85 000 GBP per bank per depositor.

Contacts

Swindon, SN38 1NW, Northampton, United Kingdom
44 01793513513

Nationwide Building Society is headquartered in Northampton.

Bank Identifiers

MFI ID
GB1940
Company Number
355B
Start Date
June 1875

Business Summary

Business Focus
providing competitive savings and mortgage products to its members
Services
retail banking
Products
savings accounts
mortgage loans
insurance
Eligible Clients
UK residents only

Nationwide Building Society is focused on providing competitive savings and mortgage products to its members. Nationwide Building Society provides services in the area of retail banking. The range of products offered by Nationwide Building Society includes savings accounts, mortgage loans, insurance. Nationwide Building Society makes its solutions available to UK residents only.

Financial Positions

Total Assets (2017)
221.67 bln GBP  (+6.09%)
Shares (2017)
144.54 bln GBP  (+4.20%)

In 2017 total assets of Nationwide Building Society were 221.67 bln GBP. Growth compared to the previous period (2016) was 6.09%. The evolution of the total assets of Nationwide Building Society is shown at Chart 1 below.

Total Assets of Nationwide Building Society.

Chart 1. Total Assets of Nationwide Building Society.

Recent changes in total assets of Nationwide Building Society and its main components are shown in Table 1.

2016 2017 % change
Mortgages 162.1 171.1 +5.59%
Total Assets 208.9 221.7 +6.09%
Table 1. Recent changes in total assets of Nationwide Building Society (bln GBP).

Recent changes in total liabilities of Nationwide Building Society and its main components are shown in Table 2.

2016 2017 % change
Shares 138.7 144.5 +4.20%
Borrowings 52.0 57.9 +11.33%
Total Liabilities 208.9 221.7 +6.09%
Table 2. Recent changes in total liabilities of Nationwide Building Society (bln GBP).

Membership Structure

Total Members (2017)
15 200 000  (+2.70%)

In 2017 there were 15 200 000 total members of Nationwide Building Society. Growth compared to the previous period (2016) was 2.70%. The evolution of the total members of Nationwide Building Society is shown at Chart 2 below.

Total Members of Nationwide Building Society.

Chart 2. Total Members of Nationwide Building Society.

Recent changes in total members of Nationwide Building Society and its main components are shown in Table 3.

2016 2017 % change
Investing Members 13.0 13.8 +6.15%
Borrowing Members 2.2 2.2 0.00%
Total Members 14.8 15.2 +2.70%
Table 3. Recent changes in total members of Nationwide Building Society (mln ).

Market Share and Rank (among Building societies in the United Kingdom)

Total Assets (2017)
1st (market share 58.93%)

In 2017 Nationwide Building Society was ranked the 1st largest building society in the United Kingdom in terms of total assets, having 58.93% of the category's market share.

Market share of Nationwide Building Society (among Building societies in the United Kingdom)

Chart 3. Market share of Nationwide Building Society (among Building societies in the United Kingdom)

Several building societies having the market shares and ranks closest to Nationwide Building Society are shown below.

RankNameTotal AssetsMarket Share
1 Nationwide Building Society221670.00 mln GBP58.93%
2 Yorkshire Building Society39595.50 mln GBP10.53%
3 Coventry Building Society38295.90 mln GBP10.18%
 

Market Share and Rank (among banks in the United Kingdom)

Total Assets (2017)
11th (market share 2.51%)

In 2017 Nationwide Building Society was ranked the 11th largest bank in the United Kingdom in terms of total assets, having 2.51% of the domestic market share.

Market share of Nationwide Building Society (among banks in the United Kingdom)

Chart 4. Market share of Nationwide Building Society (among banks in the United Kingdom)

Several banks having the market shares and ranks closest to Nationwide Building Society are shown below.

RankNameTotal AssetsMarket Share
10 Standard Chartered Bank404640.00 mln USD3.39%
11 Nationwide Building Society221670.00 mln GBP2.51%
12 Credit Suisse International249440.00 mln USD2.09%
 

Credit Ratings (as of May 2018)

Fitch Moody's
A (high credit quality) Aa3 (high grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Nationwide Building Society is rated by Fitch and Moody's.

Credit ratings assigned to Nationwide Building Society as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Nationwide Building Society it is set to A (high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Nationwide Building Society is set to F1 (highest short-term credit quality).

Long-Term Issuer Default Rating  A
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F1
Viability Rating  a
Support Rating  5
Support Rating Floor  NF

Viability rating for Nationwide Building Society is set to a (high fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).

Moody's

Long-term rating for Nationwide Building Society it is set to Aa3 (high grade). Long-term bank deposit rating is Aa3 (high grade). Baseline credit assessment is a3. Short-term rating is not assigned.

Long-Term Rating  Aa3
Long-Term Bank Deposit Rating  Aa3
Baseline Credit Assessment  a3
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of Nationwide Building Society is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee
Yes (up to 85 000 GBP per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in the United Kingdom are obliged to participate in the United Kingdom's deposit guarantee scheme.

In the case of Nationwide Building Society failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  private individuals, small companies
Covered Currencies  all
Maximum Protected Amount  85 000 GBP
Paid In Currency  GBP

Further Information

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Nationwide Building Society is shown in the table below.

MFI ID  GB1940

Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Number  355B

Domestic Presence

ATMs (2017)
1 400  (+7.69%)
Branches (2017)
700 

In 2017 Nationwide Building Society had 1 400 ATMs in the United Kingdom. Growth compared to the previous period (2016) was 7.69%. The evolution of the number of ATMs of Nationwide Building Society is shown at Chart 5 below.

ATMs of Nationwide Building Society.

Chart 5. ATMs of Nationwide Building Society.

In 2017 Nationwide Building Society had 700 branches in the United Kingdom. The value didn't change compared to the previous period (2016). The evolution of the number of branches of Nationwide Building Society is shown at Chart 6 below.

Branches of Nationwide Building Society.

Chart 6. Branches of Nationwide Building Society.

European Presence: 2 banks in 2 countries

Nationwide Building Society operates under the brand of the same name (Nationwide Building Society) which has presence in the following European countries and selected dependent territories of the European countries:

Ireland

United Kingdom

  •  (this bank) Nationwide Building Society (Northampton)

Defunct Banks: 1 bank in 1 country

The following banks operating under Nationwide Building Society brand name has been recently closed down:

Isle of Man