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In 2007, Nationwide members voted at its Annual General Meeting to donate at least 1% of pre-tax profits to charitable activities each year. Nationwide completed a merger with Portman Building Society on 28 August 2007, creating a mutual body with assets of over £160 billion and around 13 million members.
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At Nationwide’s half-year results in November 2021, the Society stated that its profits had more than doubled versus the same period last year to £853million.” [13] In May 2022 the Society announced its best ever financial results since it was founded in 1884 when it recorded a profit of £1.6bn for its financial year 2021/2022.
Following launch, as of March 31, 2013, Suica – the most popular of the ten cards – became usable at 4,365 train stations and on approximately 21,000 buses nationwide. As electronic money, Suica became accepted at nearly 210,000 retail locations [1] and at the time was reported to be the payment method of 3.4 million transactions each day. [2]
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Nationwide currently has approximately 25,000 employees, [3] and is ranked No. 75 in the 2024 Fortune 500 list. [4] Nationwide Financial Services (NFS), a component of the group, was partially floated on the New York Stock Exchange prior to being repurchased by Nationwide Mutual in 2009. It had owned the majority of NFS common stock since it ...