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News

Unity Trust Bank reports 68% profit rise

Sam Monk | 17:13 Wednesday 20th March 2019

Unity Trust Bank increased its profits by 68% in 2018, having approved over £200m of lending to firms and projects.

The commercial bank has seen its lending almost double since it became independent in 2015.

Margaret Willis, CEO at Unity Trust Bank (pictured above), said: “Unity’s results confirm that profits and community value go hand in hand.

“It’s best for our shareholders, our customers, our employees and society.

“Unity’s growth shows [that] businesses want an ethical alternative, a bank that shares their values.”

The Birmingham-based commercial bank offers an ethical alternative for businesses that aim to deliver community, economic or environmental benefits.

Alan Hughes, chairman at Unity Trust Bank, added: “This strong performance reflects the role banking can and should play in building a more sustainable world.”

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