The mutual for the future
Creating the building society for the next 100 years... and beyond
The building society sector remains broad in its coverage and there are a large number of profitable and well capitalised societies of varying size with strong local links and brand presence. Societies have come through the global banking crisis with their reputation strengthened, and there is widespread public and parliamentary support for local banking in the form provided by societies.
This paper considers the competitive landscape for Building Societies, assessing the strengths of and threats to the mutual model and the opportunity for Societies to maintain and increase market share.