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Building societies have total assets of £415 billion and, together with their subsidiaries, hold residential mortgages of almost £330 billion, 23% of the total outstanding in the UK.
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The BSA's objective is to push for the best outcomes for building societies and other members from the plethora of new and changing regulation and legislation in the UK and Europe.
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They hold over £280 billion of retail deposits, accounting for 19% of all such deposits in the UK and account for 37% of all cash ISA balances.
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Building societies employ approximately 42,500 full and part-time staff and operate through approximately 1,470 branches.
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Independent building societies in the United
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284:References
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32:neutrality
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92:does not
55:June 2020
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