London, GB 20 °C

Tuesday, August 21, 2018

3_2018-07-06-03-50-49pm.gif
News

Unity Trust Bank increases lending by 27%

Martin Greenland | 13:43 Wednesday 1st August 2018

Unity Trust Bank has reported a 27% lending increase in H1 2018, compared with the same period last year.

The Birmingham-based commercial bank has achieved record levels of lending to organisations and businesses, with loan approvals of £54m.

The funding provided by Unity Trust Bank has transpired into positive social impact, creating and protecting 533 jobs, housing 106 people and creating and renovating 153 bed spaces.

The bank has also posted an underlying pre-tax profit increase of £900,000 compared with H1 2017.

On 5th April 2018, Unity Trust Bank raised over £11m of capital from new and existing investors, which will support its continued growth.

“Unity has achieved responsible growth in line with our plans to support socially responsible organisations [which] share our values, as well as deliver sustainable returns for our shareholders,” said Margaret Willis, CEO at Unity Trust Bank (pictured above).

“We are proud to have been ranked so highly by our customers as we continue to keep them at the forefront of everything we do and look forward to maintaining this beyond 2018.”

leave a comment

Your email address will not be published.

Subscribe