Swansea Building Society holds its first face-to-face AGM for three years

FOR the first time in three years, due to previous Covid-19 restrictions, Swansea Building Society held its annual general meeting (AGM) as a live, face-to-face event at the Swansea.com stadium.

The society also presented a cheque to partner charity Maggie’s, donating more than a pound for each vote received. The cheque was for £2,500, a figure rounded up based on the 1,749 votes it received from members.

At the event, the board of the society presented and explained its best-ever set of results to members as it benefited from supporting local communities by keeping its growing network of local branches across South Wales open through the pandemic while reaping the rewards of an investment programme it started in 2015.

Its total assets, mortgage balances, savings, capital and profits all reached record highs last year.

Some of the other highlights of the AGM included the introduction to members of new non-executive director Malcolm Hayes, an experienced banker with more than 40 years’ experience, and Catherine Griffiths, the society’s first female executive director who has 25 years’ experience in finance.

The society’s full set of results can be found on its website: swansea-bs.co.uk

Alun Williams, Chief Executive of Swansea Building Society, said: “It is good to be back and able to hold this event in a face-to-face format again. It has been a remarkable 12 months for the society, and it is pleasing to mark that by bringing members and stakeholders together again.

“We are also very proud of the communities we represent, and we are delighted to be able to support a very important charity like

Maggie’s in this way.”

Lucia Osmond, Centre Fundraising Manager at Maggie’s, said: “We really appreciate the support of companies such as Swansea Building Society. We cannot do what we do without such support, which makes such a difference to local communities. Such funds are all used locally to support individuals facing challenges associated with cancer. Thank you so much.”