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Another record half year performance for ethical bank Unity Trust

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Another record half year performance for ethical bank Unity Trust

Published: August 14, 2019

Unity Trust Bank, a commercial bank with a social conscience, today announced its half year results for 2019, posting an underlying pre-tax profit of £4.0 million – an increase of £1.2 million compared to the first half of 2018.

The bank has achieved record levels of lending to organisations and businesses that share its mission in helping to create a better society, increasing its lending by 47% on the same period last year and approved new loans of £121 million. This lending drives positive social impact, creating 416 jobs, housing 449 people and creating and renovating 518 bed spaces across the UK.

Echoing its drive for social responsibility, Unity has become the first Carbon Literate Bank, achieving a bronze award for improving its carbon footprint, and promoting recycling across the business.

Margaret Willis, CEO of Unity Trust Bank said: “I’m delighted Unity’s growth has continued with momentum despite economic and political headwinds. Our growth is in line with our plans to support socially responsible organisations who share our values as well as deliver sustainable returns for our shareholders.”

Customer numbers have grown in the first six months of 2019, and our service levels continue to earn recognition; Unity has recently achieved first place for Overall Customer Satisfaction in the Charity Finance Banking Survey results.

Offering a range of Moneyfacts 5 star rated current accounts, savings accounts and loans, Unity has a national network of relationships managers and in 2019 has opened offices in Manchester and London alongside its Birmingham Head Office.

Half Year 2019 Results