Made in 2001

Wessex Community Bank opened its first office in Portsmouth in January 2001.

Over the next two decades, the bank has grown across Hampshire and Isle of Wight acquiring several other micro banks including, Isle of Wight Credit Union and Havant Credit Union.

Today, we serve central southern England including all of Hampshire & IOW, as well as, Bournemouth, Reading, Woking, Guildford and Newbury.

Governance & regulation

Wessex Community Bank is a fully regulated not-for-profit member-owned cooperative bank

  • Authorised by the Financial Conduct Authority (213757)

  • Regulated by the Prudential Regulatory Authority

  • Member of the Financial Services Compensation Scheme

  • Member of the Financial Ombudsman Service

  • Member of the FairLife Charity

  • Registered ethical bank

Financially strong and reliable.

We’re a financially strong bank which is well capitalised with a highly liquid balance sheet conservatively and ethically invested.

Our capital ratio is more than double the level required by our regulators and we do not carry any external sources of debt. We do not have any subordinated capital or deferred shares and have significant reserves.

2022 was our 6th consecutive year of annual trading surpluses without the need for external funding.

Our risk attitude is cautious/balanced with a sustainable and pragmatic governance approach.

Key Financial Ratios YE 2022

Growth in Membership - 4.53%

Growth in Loans - 17.41%

Growth in Shares - 11.45%

Bad Debt Costs - 1.81%

Capital Adequacy Ratio - 12.21%

Liquidity - 75.6%

The board of directors

  • Nick Haverly

    Chairman

  • Dr Hugh Mason

    Director | MRLO

  • Jo Creese

    Non-exec Director

  • Angela Hickmore

    Non-exec Director | Secretary

  • Andy Smith

    Non-exec Director

  • Alan Evans

    Non-exec Director