Banking and finance in Wales

Banking and finance in Wales is the industries of banking and finance in Wales.

National banks

The Development Bank of Wales is an investment bank that was founded by the Welsh Government. It invests in businesses, particularly start-ups by providing growth capital.^[1]

Banc Cambria is a proposed Welsh community bank currently under development and aimed to be operating in Wales.^[2]

Other banks in Wales

Hodge Bank is a bank named after Sir Julian Hodge. The bank was formed in 1987 as Julian Hodge Bank, and is headquartered in Cardiff, Wales.

Building societies

Principality Society branch, Barry

The Swansea Building Society (Welsh: Cymdeithas Adeiladu'r Abertawe) is an independent mutual building society based in Swansea, Wales. It is a member of the Building Societies Association.^[3]

The Principality Building Society (Welsh: Cymdeithas Adeiladu'r Principality) is a building society based in Cardiff, Wales. With assets of £10bn it is the largest building society in Wales.^[4]

Monmouthshire Building Society (Welsh: Cymdeithas Adeiladu'r Sir Fynwy) is a Welsh building society, which has its head office in Newport, South Wales. The Society provides a range of mortgage and savings products. A broad range of ancillary services, including insurance, financial planning, legal services and funeral plans are also provided by a number of other third-party companies.

Insurance

Admiral Group plc is a Welsh financial services company headquartered in Cardiff, Wales. Listed on the London Stock Exchange, it is a constituent of the FTSE 100 Index, and markets the Admiral, Bell, Elephant, Diamond and Veygo vehicle insurance brands, as well as launching the price comparison services Confused.com and Compare.com.^[5] The group employs more than 10,000 people across its brands.^[6]

Thomas Carroll Group plc is a Welsh provider of business and personal insurance, financial management, health & safety and employment law consulting services.^[7]

References

1. "Who we are | Development Bank of Wales". developmentbank.wales. Retrieved 2022-06-26.
2. "Banc Cambria | Monmouthshire Building Society". www.monbs.com. Retrieved 2022-06-26.
3. "Building Societies Yearbook 2020/21". Building Societies Association. Archived from the original on 30 July 2021. Retrieved 14 May 2021.
4. https://www.principality.co.uk/en/About-Us/Media-Centre/20130731-Principality-grows-to-sixth-largest-building-society-in-the-UK.aspx ^{[dead link‍]}
5. Treanor, Jill (2015-05-13). "Admiral insurance founder to step down after 25 years". The Guardian. Retrieved 2019-07-16.
6. "Our Story". Admiral jobs. Retrieved 2020-10-22.
7. "About Thomas Carroll Group plc | Thomas Carroll, South Wales". Thomascarroll.co.uk. 2014-06-20. Archived from the original on 2015-04-19. Retrieved 2015-04-23.