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Ecology BS reports excellent growth

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  • 05/06/2003
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Publishing its annual results for the year ending 31 December 2002, The Ecology Building Society has...

Publishing its annual results for the year ending 31 December 2002, The Ecology Building Society has reported completed lending of £8.8m, up 22% on the previous year.

Ecology BS also reported assets of £45.6m, up 15% from 2001. The Ecology is the newest building society in the UK and was founded in 1981. At 2002’s year-end, Ecology had a total of just under £34m in mortgages secured on property and land.

Paul Ellis, chief executive of Ecology BS, said: ‘Our success is down to having a unique lending focus, close contact with the customers and our understanding of green, local and traditional building techniques. For us, the environment is a central business concern and our customers and members understand and endorse this.’

Ecology BS is based in Yorkshire and is in the process of building a new head office so it can bring its two current operations under one roof. The new premises in Silsden, West Yorkshire are expected to be completed by August.


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