Scottish Building Society

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Scottish Building Society
Type Building Society (Mutual)
Industry Financial Services
Founded 1848
Headquarters Edinburgh, Scotland
Products Savings and Mortgages
Net income £856,000 GBP (January 2008), Green Arrow Up.svg22.8% on 2007
Total assets £259 million GBP (January 2008), Green Arrow Up.svg16.9% on 2007
Website scottishbs.co.uk

The Scottish Building Society is a building society based in Edinburgh, Scotland. It is the oldest building society in the world, the only building society based in Scotland and the 42nd largest in the United Kingdom based on total assets of £259 million at 31 January 2008.[1] It is a member of the Building Societies Association.

History[edit]

The Scottish Building Society was established in 1848 as the Edinburgh Property Investment Company. It changed its name to the Scottish Building Society in 1929.[2]

The Society has six branches in Edinburgh, Galashiels, Glasgow, Inverness, Aberdeen and Troon[3] as well as a network of over 60 agents throughout Scotland.[4]

On 1 February 2013, the Scottish Building Society merged with its Edinburgh competitor Century Building Society, becoming the only remaining building society in Scotland.

External links[edit]

References[edit]