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Monday, August 19, 2019

News

Unity Trust Bank increases lending by 47%

Theo Osborn | 09:00 Wednesday 14th August 2019

Unity Trust Bank has reported an underlying pre-tax profit of £4m in H1 2019, an increase of £1.2m compared with H1 2018.

The ethical bank increased its lending by 47% compared with the same period last year and approved £121m of new loans.

This lending created 416 jobs, built and renovated 518 bed spaces across the UK and housed 449 people.

Unity Trust Bank claims that it has become the first carbon-literate bank and has achieved a bronze award for improving its carbon footprint, while promoting recycling across the business.

Margaret Willis, CEO at Unity Trust Bank (pictured above), 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 [which] share our values as well as deliver sustainable returns for our shareholders.”

The bank opened offices in Manchester and London this year.

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