Furness Building Society reported total assets of £1,236 million as of 2022. This figure indicates substantial growth compared to its earlier financial performance.
Financial Overview of Furness Building Society
Furness Building Society, a mutual building society, has demonstrated consistent growth in its financial standing over the years. Their total assets have seen a significant increase, reflecting expansion and stability within the financial sector. Alongside asset growth, the society has also experienced an increase in its net income, showcasing overall positive financial health.
Key Financial Figures
To provide a comprehensive view of Furness Building Society's financial performance, the key figures for both 2022 and 2010 are presented below:
| Financial Metric | 2022 Figure | 2010 Figure |
|---|---|---|
| Total Assets | £1,236 million | £813 million |
| Net Income | £4 million | £1.7 million |
As the table illustrates, the total assets grew from £813 million in 2010 to £1,236 million in 2022. Similarly, net income more than doubled during the same period, rising from £1.7 million to £4 million.
Organisational Snapshot
Beyond its financial figures, Furness Building Society also maintains a significant workforce. As of the latest available data, the society employs 182 individuals, contributing to its operations and member services.
