- We are proud to be one of Wales’ best-known and most trusted financial organisations
- A mutual society, owned by and run for the benefit of our 500,000 customers
- The UK’s 7th largest building society
- Over 150 years expertise
- 65 Principality outlets - a network of 52 branches across Wales and 18 agency counters
Travel through time with us since our success story began in 1860…
Principality was established and was known as “Principality Permanent & Benefit
Building & Investment Society”. Our first year’s income was a modest £367.
We opened our first official headquarters at 8 Royal Arcade, Cardiff.
The Building Societies Act came into effect, shaping the business that you see today.
Charles F Saunders, then Chairman, described the Society as the largest by far in
Wales and the West of England, with total assets of over £300,000.
In celebration of our Jubilee Year, we began our first social housing scheme. We
erected 200 houses near Port Talbot to accommodate working men in the surrounding
Our Members authorised the shortening of the Society’s name to the present,
Principality Building Society.
On May 28th, we opened a new Head Office at Principality Buildings, Queen Street,
Cardiff. This was just a few weeks before the country was plunged into the First
After the war, demand for houses grew and once again, we prospered. We reached our
first milestone of £1 million assets.
Extending our presence West, we opened our first official branches in Swansea and
We opened our first North Wales branch in Bangor.
We began our sponsorship of the National Eisteddfod of Wales.
We acquired Peter Alan and Parkhurst Estate Agency, creating one of the largest
estate agencies in South Wales.
We celebrated £1 billion in assets.
We opened our present Head Office at Principality House on the Friary – a
sign of our rapid growth during the 80s.
We introduced our partnership awards, showing our commitment to our communities
and providing financial support to numerous community-based projects throughout
Peter Griffiths was appointed as Chief Executive, and we established our Commercial
Our subsidiary, Nemo Personal Finance was unveiled, creating over 100 jobs in Wales
over 2 years.
And we launched our Charity of the Year policy which has raised thousands of pounds
for many worthwhile causes.
Graeme Yorston joined us as Chief Operating Officer.
We passed £5 billion assets, and to celebrate, gave away £25,000 to community projects
that made a difference, in each of our 5 regions across Wales.
We opened our 51st branch, in the new St David’s Development in Cardiff, showing
our continued commitment to the Welsh high street, at a time when many banks and
building societies were closing branches.
We celebrated 150 years at the heart of Wales, with 51 branches across Wales and
over 500,000 customers. We remain the safe and profitable Society that began all
those years ago. Ever committed to the high street, we celebrated with the opening
of 8 new agencies across Wales.