The Structure of the Building Society Industry

Leigh Drake
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Leigh Drake: Loughborough University of Technology

Chapter 1 in The Building Society Industry in Transition, 1989, pp 3-23 from Palgrave Macmillan

Abstract: Abstract Building societies in the 1980s are major financial institutions. At the end of 1987 the total assets of the industry amounted to over £160bn. To put this figure into perspective this compares to the total assets of the ‘big four’ clearing banks of £266bn. Building societies have over 45 million personal investors, seven million borrowers, and outstanding mortgage balances amounting to around £131bn.

Keywords: Interest Rate; Total Asset; Large Society; Small Society; Mortgage Market (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-09680-0_1

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DOI: 10.1007/978-1-349-09680-0_1

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