Building societies ranked by group assets in the UK 2023
Building societies, unlike banks are not listed on the stock market and thus, don't have external shareholders. Instead, the "owners" and decision makers of building societies are mortgage borrowers, savers and current account holders. Building societies offer many traditional banking products and financial services such as mortgage lending, savings and current accounts. Nationwide is the largest building society in the United Kingdom (UK) with group assets worth approximately 272 billion British pounds in 2023. In 2022, Nationwide also ranked as the third-largest mortgage lender in the country, with 12 percent of the gross mortgage lending.