Ecology reports record profits
In 2012 Ecology lent over £14m for sustainable properties and projects with 84% of mortgages advanced on residential properties and 16% on developments for community gain.
Ecology experienced positive savings inflow in every month of the year during which it continued its longstanding commitment to never pay less than 1.00% interest to savers.
All savings and mortgage interest rates have held steady since January 2010, reflecting Ecology’s simple, fair and transparent approach.
Paul Ellis, chief executive, said: “Our financial success is based on sticking to our core principles: thinking long-term, putting our members first and focussing on our social and environmental impact.
“Our priority for 2013 is to continue to expand our mortgage book, so we can support more and more people to build or renovate sustainably.”
The results come less than two weeks after Ecology was named Financier of the Year and Company of the Year at the 2013 New Energy and Cleantech Awards for its ‘integrity and commitment to green causes through three decades of sustained growth’.