Scottish Building Society

Founded in 1874, Scottish 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 Scottish Building Society are covered by British deposit guarantee scheme.

Bank Category

Building societies

Services

Retail Banking

Financials

Total Assets (2017)
409.23 mln GBP  (+5.22%)
Total Members (2017)
33 451  (+1.09%)

In 2017 total assets of Scottish Building Society were 409,23 mln GBP. Scottish Building Society is the 25th largest building society in the United Kingdom (out of 44 building societies) having market share of 0.11% amongst the building societies of this category. In 2017 there were 33 451 members in Scottish Building Society.

Scottish 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

SBS House, 193 Dalry Road, EH3 7XE, Edinburgh, United Kingdom
44 01313137700
44 01313137711

Scottish Building Society is headquartered in Edinburgh.

Bank Identifiers

MFI ID
GB2295
Company Number
32B
Start Date
November 1874

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

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

Financial Positions

Total Assets (2017)
409.23 mln GBP  (+5.22%)
Shares (2017)
365.01 mln GBP  (+6.70%)

In 2017 total assets of Scottish Building Society were 409.23 mln GBP. Growth compared to the previous period (2016) was 5.22%. The evolution of the total assets of Scottish Building Society is shown at Chart 1 below.

Total Assets of Scottish Building Society.

Chart 1. Total Assets of Scottish Building Society.

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

2016 2017 % change
Mortgages 286.1 311.3 +8.83%
Total Assets 388.9 409.2 +5.22%
Table 1. Recent changes in total assets of Scottish Building Society (mln GBP).

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

2016 2017 % change
Shares 342.1 365.0 +6.70%
Borrowings 13.5 10.5 -22.20%
Total Liabilities 388.9 409.2 +5.22%
Table 2. Recent changes in total liabilities of Scottish Building Society (mln GBP).

Membership Structure

Total Members (2017)
33 451  (+1.09%)

In 2017 there were 33 451 total members of Scottish Building Society. Growth compared to the previous period (2016) was 1.09%. The evolution of the total members of Scottish Building Society is shown at Chart 2 below.

Total Members of Scottish Building Society.

Chart 2. Total Members of Scottish Building Society.

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

2016 2017 % change
Investing Members 26 817.0 26 873.0 +0.21%
Borrowing Members 5 855.0 6 170.0 +5.38%
Total Members 33 089.0 33 451.0 +1.09%
Table 3. Recent changes in total members of Scottish Building Society ( ).

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

Total Assets (2017)
25th (market share 0.11%)

In 2017 Scottish Building Society was ranked the 25th largest building society in the United Kingdom in terms of total assets, having 0.11% of the category's market share.

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

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

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

RankNameTotal AssetsMarket Share
24 Marsden Building Society416.00 mln GBP0.11%
25 Scottish Building Society409.23 mln GBP0.11%
26 Manchester Building Society382.30 mln GBP0.10%
 

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 Scottish 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 Scottish Building Society is shown in the table below.

MFI ID  GB2295

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  32B

Domestic Presence

ATMs (2017)
0
Branches (2017)

In 2017 Scottish 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 Scottish Building Society is shown at Chart 4 below.

ATMs of Scottish Building Society.

Chart 4. ATMs of Scottish Building Society.

In 2017 Scottish Building Society had 6 branches in the United Kingdom. The value didn't change compared to the previous period (2016). The evolution of the number of branches of Scottish Building Society is shown at Chart 5 below.

Branches of Scottish Building Society.

Chart 5. Branches of Scottish Building Society.