| Invested through / Financed by |
|
|---|---|
| Asset class | Corporate bonds |
| Impact strategy | Impact Equities and Bonds |
| Sector | Other |
| ISIN code | XS1405807592 |
| Sustainable Development Goals (SDGs) |
Founded in 1846, Nationwide Building Society provides residential mortgages, current and savings accounts, loans, credit cards, insurance policies and investment services to retail customers in the United Kingdom.
The company also offers commercial and specialist property loans. Nationwide is a mutual society, owned by members rather than shareholders.
Investment rationale
Nationwide Building Society (Nationwide) is among the largest retail mortgage lenders in the United Kingdom. The building society supports the social housing sector and offers favourable lending conditions for green home improvements as well as for buying new-build energy efficient homes. The company includes environmental factors such as energy performance in the evaluation of property.
Both on the funding and on the assets/revenue side, Nationwide Building Society is very focused on the real economy. It provides loans to First Time Buyers, which the bank intentionally targets to generate positive social impact. It offers a rather broad range of products and services to be inclusive, including low barrier savings accounts, facilities to help people with disabilities, and accessibility technologies for online banking.