Financial Profile
Unity believes in delivering impact, not simply maximising profits.
Our financial strength enables us to address social, economic, and environmental needs in local communities and consistently deliver against values.
Report and Accounts
In 2024, 50.5% of our loans were offered to areas of high deprivation, and we provided banking services for over 9,000 customers. Our continued growth helped to deliver positive impact in areas where it is needed most in the UK.
To read more about Unity Trust Bank’s financial performance over the past five years, please click on the links below:
| Report & Accounts | Pillar 3 Disclosures | Impact Reports |
Financial highlights from 2024
The Bank continued lending to socially minded organisations across the UK with lending reaching £1,014m (2023: £1,014m). Unity Trust Bank saw deposits grow to £1,717m (2023: £1,559m), allowing organisations to positively impact their local communites. Unity’s Profit after tax grew to £50.5m (2023: £48.9m). Post-tax return on shareholders’ equity was 25.6% (2023: 33.0%) – the percentage decline being entirely due to the increase in Unity’s capital base. Unity ended the year with a Common Equity Tier 1 (CET1) ratio of 24.1% (2023: 19.7%) and a Liquidity Coverage Ratio (LCR) of 228% (2023:220%).
50.5%
lending to areas of high deprivation
(2023: £45.3m)
24.1%
CET 1 ratio
2023: 197%
£1,013.8m
loans to customers
(2023: £1,013.6m)
Taxation Transparency
As a socially-responsible bank, Unity also seeks to be transparent in all that we do – and matters of taxation are no different.
Useful Links
Investor Relations
Corporate Governance
Board of Directors
It’s simple, secure and stress-free to switch to us
If you’re ready to switch your Business Current Account to Unity Trust Bank, we’ll make sure it happens like clockwork. It’s guaranteed to take 7 working days, it’s free, and it’s all taken care of by the Current Account Switch Service.