Credit Rating Announced

On 17th November 2009 Standard & Poor’s Ratings Services assigned its “BB+ /B counterparty ratings on Canterbury Building Society ( CBS Canterbury) with a stable outlook.

This is the first time that the building society has been rated and CEO Bryan Inch said that “ it was very pleasing to be rated “ best in class “ for the non bank sector”.

Click here to read the full Press release.

2010 Interim Report Announcement

CBS Canterbury Reports Sound 6 Month Result.

“In the six months to 30 September 2009, CBS Canterbury continued to face the challenges of the market environment with the same prudent governance and management that has allowed it to achieve a respected 134 year history,” said Board Chairman Mr Gary Leech.

“In reviewing our financial performance for the half-year, it is notable that the Building Society model once again proved itself resilient to high levels of adversity and uncertainty, particularly with business growth returning in recent months,” said  Mr  Leech.

The Building Society has achieved an after tax profit of $1.04 million, exceeding forecast both operationally and as a result of a credit to tax expense which arose during the period.

“CBS Canterbury is in a strong financial position,” said Mr Leech.

Click here to read the full Press release.