Yorkshire Building Society banking hails 'unwavering focus'

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Yorkshire Building Society banking hails 'unwavering focus'

The market position of Yorkshire Building Society banking has been lauded by a senior staff member.

Chief executive of the company Iain Cornish suggested that his team's "unwavering focus" to delivering a great service is shown by the firm's liquidity and capital figures.

Liquidity for the six months leading up to June 30th 2010 stood at 24.2 per cent, while its Core Tier 1 capital ratio was recorded as 11.8 per cent.

"The actions we took during 2009 provided the group with strong foundations, which have seen the society return to healthy profitability," said Mr Cornish.

In his view, the professionalism of his staff has also helped to make the merger with Chelsea Building Society go well, with the process currently ahead of schedule.

Yorkshire Building Society banking recently unveiled a selection of branch-based fixed-rate bonds, with returns starting from 3.56 per cent interest over two years and rising to 4.6 per cent over five years.

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