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Unity Trust Bank sanctions £100m of loans in just 7 months, amplifying its social impact

Press Releases Published: August 7, 2017 12:55 pm

Established with a vision to create a bank that would serve the needs of its customers and enrich society as a whole, Unity Trust Bank has approved £100m of loans to organisations contributing to economic, community and environmental change. The Bank has shown considerable progress since becoming an independent bank in 2015, having already achieved record profits in 2016. Safe growth of its loan book cements the Bank’s position as a credible alternative to the high street incumbents, and amplifies its social impact.

Highlights of the Bank’s 2017 H1 social impact include:

• 396 jobs created and protected
• 238 bed spaces created and renovated
• 12 community facilities provided
• Staff volunteered 74 days alongside £3,175 of donations
• 47% women in Senior Management Team

 
Margaret Willis, CEO of Unity Trust Bank, said: “Socially Responsible Banking remains at the heart of everything we do. As a commercial bank with a social conscience, we are delighted that we have been able to support those SMEs and socially minded organisations who share our values. Loan approvals of £100m in the first 7 months of the year further demonstrates our financial strength and determination to a make positive impact on society”

-ENDS-

For more information about Unity Trust Bank visit www.unity.co.uk or email marketing@unity.co.uk

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About Unity Trust Bank

Unity Trust Bank is a commercial bank with a social conscience. Independent since December 2015, its purpose is clear: to help create a better society, by working with organisations that shares our values and philosophy and believe in supporting the common good, not just maximising profit. This is all part of the Bank’s “double bottom line” philosophy.

The Bank’s commitment to delivering a positive social impact can be seen through its investment in customers, communities and staff. Unity Trust Bank was one of the first Living Wage employers, is a Fair Tax Mark business and currently holds the Investors in People Gold standard. We support charities and communities through volunteering, education and fundraising.


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Our latest press releases can be found here. For media enquiries please email marketing@unity.co.uk