Positive results for building society despite uncertainties

ESBS, or Earl Shilton Building Society, continues to deliver positive financial results, despite the economic uncertainties of the year.

The Society, which has branches in Earl Shilton and Barwell, recently released its annual Summary Financial Statement to members and depositors.

The statement shows record mortgage advances of over

£27 million, resulting in mortgage asset growth of over 4 per cent and increased profit to reinvest into the Society.

Much is being invested into the future with the Society committing to a secure digitisation strategy and supporting the government’s target of achieving a net zero carbon economy by 2050.

Furthermore, 96 per cent of new members stated they would recommend the Society to others, a testament to the focus esbs puts upon serving the best interests of its members.

Thanks to the Society’s careful planning, it has been able to continue operating and suitably serving its members. Overall member numbers increased during the year – an especially pleasing result.

Offering competitive products and first-class service is key to esbs, and this shows in the Society’s consecutive win of Best Self-Build Mortgage Lender in The Money Pages Personal Finance Awards, and a nomination from What Mortgage in the same category.

Paul Tilley, chief executive of esbs, pictured, said: “I know I speak for the whole of the Board when I say we were impressed by how our colleagues rose to the challenge with fortitude and support for each other.

“We’re very proud that we have been able to maintain the standards of service our members deserve, despite such strong headwinds. I would also like to take this opportunity to thank our members for their ongoing support – it does really make a difference to us.”

To view the Summary Financial Statement in full, or for further information on Earl Shilton Building Society, visit www.esbs.co.uk.