The Kent Reliance Building Society is seeking to move its UK headquarters to Wales, in the run-up to its transformation into the Internet Building Society, which is due to take place next year. The Independent

At the same time, the society has increased its presence in Bangalore, southern India, where it has established a company called Easiprocess to handle back-office work on an outsourced basis.

The most likely location for the parts of the UK operation is Treforest, near Cardiff. The exact location, however, has not been decided, and Kent Reliance has not yet signed up for premises.

Nevertheless, the building society has ruled out other areas of the UK.