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Low-Down on Abbey

Queens Park Rangers recently announced a sponsorship deal with one of the largest banks in the UK, Abbey. Here are a few facts.

Abbey`s history can be traced back to 1874 when Abbey Road & St John's Wood Permanent Benefit Building Society was founded, this group only became known as Abbey in its current guise after a merger between Abbey Road Building Society and the National Building Society in 1944.

Here are a few basic facts in time that followed that merger.

1944

The Abbey National Building Society was formed following the merger of the Abbey Road Building Society and the National Building Society.

1989

On 12 July 1989 was floated on the London Stock Exchange after becoming a plc, with Ł1.30 the share price at the time.

1996

In August 1996, Abbey National merged with the National and Provincial Building Society. Their branch network increased by almost 200 and they gained three million customers.

2004

On 26 July 2004, Abbey and Banco Santander announced that they had reached agreement on the terms of a recommended acquisition by Banco Santander of Abbey.

Following shareholders' approval at Abbey's and Santanders EGMs, the acquisition was formally approved by the courts and Abbey became part of the Grupo Santander Group on 12 November 2004.

For a full range of facts on the history of Abbey visit Abbey.com

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The journalist

Writer: Boxer Mail feedback, articles or suggestions

Date:Thursday June 19 2008

Time: 2:19PM

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