Today:

25/09/2021

Swansea building society is most profitable in the UK

Share this article

The Swansea Building Society created 8 new jobs in a year, making it the most profitable building society in the UK. The profitability and job creation of the construction society runs counter to the current trends of other well-known financial institutions, which are reducing the number of employees and closing branches.

The Swansea Building Society had 61 employees at the beginning of this year. In the first six months of 2021, it hired 8 new employees at its headquarters and its offices in Swansea, Marbles, Carmarthen and Cowbridge. Hold various positions in branches.

All eight have worked in large retail banks. In most cases, you moved to the Swansea Building Society because of the layoffs caused by the closure of branches by former employer. They bring a wealth of financial knowledge and customer service experience to their new roles.

The Swansea Building Society was named the most profitable building society in the UK last year. It was also recognized as the 30th largest building society in the UK, with total assets of 414 million pounds, a significant increase from the previous year’s 370 million pounds.

The Society sees this surge as an outcome of several years of sustained investment in infrastructure, technology, premises and staff.

Alun Williams, Chief Executive Officer, Swansea Building Society, said: “We are delighted to welcome all eight new staff members to the Swansea Building Society team. The increase in staff numbers has been necessary – and been made possible – because of our success over the last 12 months. I believe this success has been brought about as the culmination of several years of investment, the dedication of our staff, and our commitment to our ethos of opening and not closing branches.

Source: Business News Wales

Similar Articles

Don't Miss

Navy Will Cut 500 Civilian East Coast Jobs

To fulfil Navy Region Mid-Fiscal Atlantic's Year 2022 budget objective, 500 Navy civilian employees on the East Coast will be laid off, and port activities would be limited to daylight Monday through Friday.

Fed signals bond-buying taper may start soon

As the US central bank's shift away from economic crisis measures gets traction, the Federal Reserve indicated on Wednesday that it will likely begin cutting its monthly bond purchases as soon as November, and that interest rate hikes may come sooner than planned.

Should staff return to the office?

For example, it may persist with current Covid-19 precautions in the workplace, requiring employers to plan for social distancing and to provide extra hygiene facilities. There may also be special arrangements in place for Vulnerable workers, such as pregnant women and those who have been shielding during the crisis