Unity Trust Bank breaks £1bn asset barrierPress Releases Published: October 3, 2017 10:51 am
Unity Trust Bank, a Birmingham based commercial bank, has broken the £1bn asset barrier.
Since becoming independent in 2015, the bank has grown significantly whilst maintaining its ‘Double Bottom Line’ strategy of only working with organisations that share its values and philosophy of creating social, economic, and environmental change.
All of the bank’s funding comes from customer accounts, and on 2 October 2017, the bank recorded £1bn in total assets, which is an increase of 13.85% since the end of 2016.
Margaret Willis, CEO of Unity Trust Bank, said: “In 2017 we have continued to build on the strong momentum established over the past 12 months, capital and liquidity remains strong, and we continue to attract new customers, primarily through recommendation.
Customer deposits continue to grow, allowing us to substantially increase the number of loan approvals: £158m of new loans to existing and new customers were approved in the first 9 months of the year, a record in Unity’s history.”
For more information about Unity Trust Bank visit www.unity.co.uk or email firstname.lastname@example.org
About Unity Trust Bank
Unity Trust Bank is a commercial bank with a social conscience.
For over 30 years the bank has worked with organisations that share its values and philosophy, offering a full range of banking services including current accounts, savings accounts, and loans.
Independent since December 2015, its purpose is to help create a better society, not just maximise profit. Unity’s focus on its customers, staff, and the communities it serves is what sets it apart and allows it to deliver on the bank’s ‘Double Bottom Line’ strategy through volunteering, education and fundraising.
Unity is a Living Wage employer, a Fair Tax Mark business, and currently holds the Investors in People Gold standard.
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