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.