Responding to Nationwide’s plans to build 239 new homes in Swindon as part of its five-year social investment programme, Paula Smith, Head of Banking, KPMG UK said:
“Whilst all banks and building societies face pressure on costs, investment for growth is firmly back on the agenda. There’s been so much talk of the need for financial services to define its purpose, put customers first and adapt to a changing society but now firms are starting to put their money where their mouth is. As branch numbers dwindle, such tangible investments directly respond to requests for firms to demonstrate their value to society. As new digital banks begin to win over consumers’ hearts and minds, the established players are perhaps starting to fight back, and they’re doing so on a scale unimaginable for anyone without deep pockets.”
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About KPMG in the UK
KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 16,300 partners and staff. The UK firm recorded a revenue of £2.338 billion in the year ended 30 September 2018. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 154 countries and has 200,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.