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Banking and finance in Wales

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Banking and finance in Wales is the industries of banking and finance in Wales.

National banks

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The Development Bank of Wales is an investment bank that was founded by the Welsh Government. It invests in businesses, particularly start-ups by providing growth capital.[1]

Banc Cambria is a proposed Welsh community bank currently under development and aimed to be operating in Wales.[2]

Other banks in Wales

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Hodge Bank is a bank named after Sir Julian Hodge. The bank was formed in 1987 as Julian Hodge Bank, and is headquartered in Cardiff, Wales.

Building societies

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Principality Society branch, Barry.

The Swansea Building Society, (Welsh: Cymdeithas Adeiladu'r Abertawe), is an independent mutual building society based in Swansea, Wales. It is a member of the Building Societies Association.[3]

The Principality Building Society (Welsh: Cymdeithas Adeiladu'r Principality) is a building society based in Cardiff, Wales. With assets of £10bn it is the largest building society in Wales.[4]

Monmouthshire Building Society, (Welsh: Cymdeithas Adeiladu'r Sir Fynwy), is a Welsh building society, which has its head office in Newport, South Wales. The Society provides a range of mortgage and savings products. A broad range of ancillary services, including insurance, financial planning, legal services and funeral plans are also provided by a number of other third-party companies.

Insurance

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Admiral Group plc is a Welsh financial services company headquartered in Cardiff, Wales. Listed on the London Stock Exchange, it is a constituent of the FTSE 100 Index, and markets the Admiral, Bell, Elephant, Diamond and Veygo vehicle insurance brands, as well as launching the price comparison services Confused.com and Compare.com.[5] The group employs more than 10,000 people across its brands.[6]

Thomas Carroll Group plc is a Welsh provider of business and personal insurance, financial management, health & safety and employment law consulting services.[7]

References

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  1. ^ "Who we are | Development Bank of Wales". developmentbank.wales. Retrieved 2022-06-26.
  2. ^ "Banc Cambria | Monmouthshire Building Society". www.monbs.com. Retrieved 2022-06-26.
  3. ^ "Building Societies Yearbook 2020/21". Building Societies Association. Archived from the original on 30 July 2021. Retrieved 14 May 2021.
  4. ^ https://www.principality.co.uk/en/About-Us/Media-Centre/20130731-Principality-grows-to-sixth-largest-building-society-in-the-UK.aspx [dead link‍]
  5. ^ Treanor, Jill (2015-05-13). "Admiral insurance founder to step down after 25 years". The Guardian. Retrieved 2019-07-16.
  6. ^ "Our Story". Admiral jobs. Retrieved 2020-10-22.
  7. ^ "About Thomas Carroll Group plc | Thomas Carroll, South Wales". Thomascarroll.co.uk. 2014-06-20. Archived from the original on 2015-04-19. Retrieved 2015-04-23.
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