Unity Trust, the commercial bank for firms and organisations that want to help create a better society, increased its profits 68% in 2018. Unity approved over £200 million of lending to firms and projects that will deliver community, economic or environmental benefits. This is a record-breaking performance for Unity which has seen its lending almost double since it became independent in 2015.
Margaret 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 businesses want an ethical alternative, a bank that shares their values” she added.
Unity, based in Brindleyplace, Birmingham attracted new capital in 2018 from existing shareholders and a new investor ‘Sustainability, Finance, Real Economies’ (SFRE). The investment will enable Unity to advance its growth plans.
“Sustainable earnings and sustainable communities are one and the same in the long run” said Alan Hughes, Unity’s chairman.
“This strong performance reflects the role banking can and should play in building a more sustainable world.
“Everyone at Unity is determined to deliver more and more of this” he added.
– – – ENDS – – –
Notes for Editors
If you wish to contact the Communications Manager, please email: email@example.com or phone Duncan Strachan on 0121 616 4108. You can also follow Unity Trust Bank on Twitter or go to our Linkedin page.
Unity Trust is a business bank with a difference. It lends to commercial firms and organisations who want to help society. Based in Birmingham, it offers an ethical alternative for businesses with a social conscience.
For over 30 years the bank has worked with organisations and SMEs that share its values and philosophy, offering a full range of banking services including current accounts, savings accounts, and loans.
Independent since December 2015, its purpose is to help create a better society, not just maximise profit. Unity’s focus on its customers, staff, and the communities it serves is what sets it apart and allows it to deliver on the bank’s ‘Double Bottom Line’ strategy through volunteering, education and fundraising.
Unity is a Real Living Wage employer, a Fair Tax Mark business, a Women In Finance Charter signatory, member of the Banking Standards Board and currently holds the Investors in People Gold standard.