Ecology Building Society announces their 2022 annual results
Published on May 4, 2023
Ecology Building Society announced an increase in total assets of 18.6% to more than £300 million for the first time. This has been enabled by a 22.6% increase in the number of members for the year, bringing us up to a total of 16,000 members.
In 2022 they helped a record number of people by lending nearly 70 million across 340 sustainable properties and projects. This new lending contributed to overall growth in mortgage assets of 12.19%.
This strong performance reflects the growing demand for Ecology’s truly ethical mortgages and savings. More people are recognising the transformative potential of finance in achieving a future that is healthy and fair.
Highlights of the 2022 results include:
- Total assets of £304.0m (2021: £256.3m)
- Savings balances at £285.5m (2021: £239.5m)
- Capital strength at £17.094m (2021: £15.698m)
- Profit after tax of £1.585m (2021: £1.019m)
- Gross lending of £69.6m (2021: £69.4m)