Leicestershire building society’s annual statement reveals record results

esbs, or Earl Shilton Building Society, continues to deliver positive financial results, despite the economic challenges of the past year.

The Society, which has branches in both Earl Shilton and Barwell, recently released its annual Summary Financial Statement to members and depositors. The business continues to thrive for the benefit of the customers, surpassing the £150m barrier for Total Assets the first time this year, ending at an all-time high of over £160m. The Society also lent a record amount of nearly £30million, resulting in mortgage assets increasing by over 5%.

Saving balances have also increased by over 9% as savers benefited from the rising interest rates.

94% 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. esbs strives to increase that percentage, partly through its ongoing digitalisation strategy which includes developing online onboarding of new savings members and electronic withdrawal facilities.

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

esbs continues to focus on its climate change strategy, not only by permitting borrowing to facilitate energy efficiency based property improvements, but also by improving its Head Office with the installation of solar panels.

Paul Tilley, Chief Executive of Earl Shilton Building Society, said “The Society has delivered an excellent set of financial metrics and has helped savers with increased returns. We have also assisted borrowers by limiting the impact of interest rate rises and providing forbearance to those in need during the current cost of living challenges. The results demonstrate our commitment to provide all customers with good outcomes.”

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