Nationwide Building Society: current accounts market share in the UK in 2011-2023

While building societies specialize in savings and mortgage lending, they also offer many traditional banking products like current accounts with a debit card, check book, overdraft, and online banking. What differentiates them from banks is that they are not traded on the stock market and do not have shareholders. Instead, the decision-makers of building societies are the investing members, who receive information about general meetings and can vote in elections for the board of directors.

Current accounts market share of the Nationwide Building Society

In 2022, Nationwide was the largest building society and the thirdbiggest mortgage lender by market share in the United Kingdom (UK), at 12 percent. Nationwide’s current accounts market share (including standard and packaged accounts) has seen a year-on-year increase since 2011, reaching 10.4 percent in 2023.

Building Societies in the UK

In 2021, the top five building societies by total group assets in the UK were: Nationwide, Coventry, Yorkshire, Skipton, and Leeds. Per month, UK building societies accounted for between15,000 and 46,000 mortgage loan approvals.