West Bromwich Building Society

Business Focus
housing financing

Founded in 1928, West Bromwich 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 West Bromwich Building Society are covered by British deposit guarantee scheme.

Bank Category

Building societies

Services

retail banking

Clients

natural persons
companies

Area Served

United Kingdom

Products

savings accounts
mortgage loans
insurance

Financials

Total Assets (2018)
5,781.50 mln GBP  (-0.85%)
Total Members (2018)
432,533  (-3.55%)

West Bromwich Building Society is the 51st largest bank in the United Kingdom in terms of total assets. In 2018 its total assets were 5 781,50 mln GBP, providing the bank with the market share of 0.07%. West Bromwich Building Society is the 7th largest building society in the United Kingdom (out of 44 building societies) having market share of 1.45% amongst the building societies of this category. In 2018 there were 432 533 members in West Bromwich Building Society.

Credit Ratings

Fitch: -
AAA
AA+, AA, AA-
A+, A, A-
BBB+, BBB, BBB-
BB+, BB, BB-
B+, B, B-
CCC, CC, C, RD, D
Moodys: Ba3
Aaa
Aa1, Aa2, Aa3
A1, A2, A3
Baa1, Baa2, Baa3, Baa4
Ba1, Ba2, Ba3
B1, B2, B3
Caa1, Caa2, Caa3, Ca

West Bromwich Building Society is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Ba3 (non-investment grade speculative).

Deposit Guarantee

Protected Amount
up to 85,000 GBP
Guarantee Fund
Financial Services Compensation Scheme (FSCS)
Covered Depositors
private individuals
companies
Covered Accounts
current accounts
savings accounts
time deposit accounts

West Bromwich Building Society participates in the deposit guarantee scheme of the United Kingdom. This deposit guarantee scheme applies to current accounts, savings accounts, time deposit accounts made by private individuals, companies and covers up to up to 85,000 GBP per bank per depositor. West Bromwich Building Society is a member of Financial Services Compensation Scheme (FSCS) and makes its contributions into it.

Contacts

374 High Street, B70 8LR, West Bromwich, United Kingdom
44 1215257070
44 1215005961

West Bromwich Building Society is headquartered in West Bromwich.

Bank Identifiers

LEI
45WSBJJYVGC91LG3H515
Company Number
651B
MFI ID
GB2790

Bank Supervision

Supervised By
Financial Conduct Authority
Reference Number
104877

West Bromwich Building Society is authorized and supervised by the Financial Conduct Authority (reference number 104877).

Bank History

Start Date
May 1928