Unity Trust Bank joins Banking Standards BoardPress Releases Published: April 20, 2016 3:04 pm
Unity Trust Bank, the specialist bank for organisations and businesses that aim to create community, social or environmental benefit, has joined the Banking Standards Board (BSB).
Chaired by Dame Colette Bowe, the Banking Standards Board is funded by the industry to hold the industry itself to account by providing independent challenge and support to member banks and building societies as they seek, individually and collectively, to raise standards of behaviour and competence. It was established in April 2015 and opened to all banks and building societies at the beginning of 2016.
Banks and building societies are under no obligation to become members so those that do are making an important voluntary affirmation of their commitment to raising standards and restoring trust in the UK banking sector.
Darrin Nightingale, Director, Customer Propositions & Corporate Affairs, Unity Trust Bank commented:
“Unity Trust Bank has always set high standards and believes firmly in the importance of ensuring those standards reflect in everything we do. Joining the Banking Standards Board allows us to further cement our commitment to the values and best practices of the organisation.
“By joining the BSB, we are aligning ourselves with an impressive set of like-minded firms who share our goals of consistent improvement and meeting the high standards that customers expect.”
BSB Chief Executive, Alison Cottrell, added:
“All banks and building societies that join the Banking Standards Board are making a positive statement about their willingness to work, individually and collectively, to raise standards of behaviour and competence across the sector. We are pleased to welcome Unity Trust as a member of the BSB and as part of this important initiative.”
Notes to editors
About Unity Trust Bank
Unity Trust Bank was founded in 1984. Unity is a bank for organisations and businesses that create social, economic, community or environmental benefits in a way that is financially sustainable. The Bank seeks to put social change at the heart of everything it does and provides tailored day-to-day banking and loan finance to socially motivated organisations including SMEs in the health, housing and educational sectors as well as a wide range of charities, social enterprises, co-operatives, CICs, voluntary and community organisations, trade unions, councils and more. Over 20,000 organisations bank with Unity and in 2015 its customers rated it 1st in 8 of 9 customer satisfaction categories in the Charity Finance Banking Survey. In 2014, the Bank made 57 loans totalling £29.9 million. The Bank’s lending helped to create and protect 3,423 jobs in the UK.
Unity Trust Bank is a Living Wage accredited employer. The first bank to be so, this illustrates Unity’s commitment to its employees. It also holds the Fair Tax Mark in recognition of its fair and transparent accounting approach.
Gug Kyriacou, Joint Managing Director: Gug.Kyriacou@fwdconsulting.co.uk / 0207 280 0640 / 07956 570 350
Adam Shaw, Account Manager: Adam.Shaw@fwdconsulting.co.uk / 0207 280 0642 / 07495 403 654
Cat Ommanney, Account Director: Cat.Ommanney@fwdconsulting.co.uk / 0207 623 280 0644 / 07792 768 267
View all news