Penrith Building Society

Founded in 1977, Penrith 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 Penrith Building Society are covered by British deposit guarantee scheme.

Bank Category

Building societies

Services

Retail Banking

Financials

Total Assets (2017)
106.06 mln GBP  (+5.98%)
Total Members (2017)
6 803  (+3.47%)

In 2017 total assets of Penrith Building Society were 106,06 mln GBP. Penrith Building Society is the 44th largest building society in the United Kingdom (out of 44 building societies) having market share of 0.03% amongst the building societies of this category. In 2017 there were 6 803 members in Penrith Building Society.

Penrith 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

7 King Street, Penrith, CA11 7AR, Cumbria, United Kingdom
44 01768863675
44 01768891275

Penrith Building Society is located in Cumbria.

Bank Identifiers

MFI ID
GB2050
Company Number
434B
Start Date
June 1977

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

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

Financial Positions

Total Assets (2017)
106.06 mln GBP  (+5.98%)
Shares (2017)
93.33 mln GBP  (+6.31%)

In 2017 total assets of Penrith Building Society were 106.06 mln GBP. Growth compared to the previous period (2016) was 5.98%. The evolution of the total assets of Penrith Building Society is shown at Chart 1 below.

Total Assets of Penrith Building Society.

Chart 1. Total Assets of Penrith Building Society.

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

2016 2017 % change
Mortgages 74.6 79.3 +6.23%
Total Assets 100.1 106.1 +5.98%
Table 1. Recent changes in total assets of Penrith Building Society (mln GBP).

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

2016 2017 % change
Shares 87.8 93.3 +6.31%
Borrowings 1.5 1.7 +16.69%
Total Liabilities 100.1 106.1 +5.98%
Table 2. Recent changes in total liabilities of Penrith Building Society (mln GBP).

Membership Structure

Total Members (2017)
6 803  (+3.47%)

In 2017 there were 6 803 total members of Penrith Building Society. Growth compared to the previous period (2016) was 3.47%. The evolution of the total members of Penrith Building Society is shown at Chart 2 below.

Total Members of Penrith Building Society.

Chart 2. Total Members of Penrith Building Society.

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

2016 2017 % change
Investing Members 6 172.0 6 378.0 +3.34%
Borrowing Members 784.0 799.0 +1.91%
Total Members 6 575.0 6 803.0 +3.47%
Table 3. Recent changes in total members of Penrith Building Society ( ).

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

Total Assets (2017)
44th (market share 0.03%)

In 2017 Penrith Building Society was ranked the 44th largest building society in the United Kingdom in terms of total assets, having 0.03% of the category's market share.

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

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

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

RankNameTotal AssetsMarket Share
41 Holmesdale Building Society185.33 mln GBP0.05%
42 Ecology Building Society173.06 mln GBP0.05%
43 Earl Shilton Building Society127.67 mln GBP0.03%
44 Penrith Building Society106.06 mln GBP0.03%
 

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 Penrith 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 Penrith Building Society is shown in the table below.

MFI ID  GB2050

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  434B

Domestic Presence

ATMs (2017)
0
Branches (2017)

In 2017 Penrith Building Society had 0 ATMs in the United Kingdom. The value didn't change compared to the previous period (2016). The evolution of the number of ATMs of Penrith Building Society is shown at Chart 4 below.

ATMs of Penrith Building Society.

Chart 4. ATMs of Penrith Building Society.

In 2017 Penrith Building Society had 1 branches in the United Kingdom. The value didn't change compared to the previous period (2016). The evolution of the number of branches of Penrith Building Society is shown at Chart 5 below.

Branches of Penrith Building Society.

Chart 5. Branches of Penrith Building Society.