Charity Bank marks 20 years since its incorporation
Charity Bank was officially launched at 11 Downing Street by then Chancellor of the Exchequer, Gordon Brown, on 17 October 2002.
Since then, Charity Bank has continued to be owned by and committed to supporting the social sector, making more than 1,100 loans totalling over £400m to housing, education, social care, community, and other social purpose organisations. During the evening, Charity Bank unveiled a new brand video “Where You Bank Matters” showcasing the impact that the bank continues to have on charities and social enterprises.
Former Prime Minister, Gordon Brown said “I want to offer my congratulations to the Charity Bank for years of service to the people of the United Kingdom. Thank you for the important work you do and the difference you have made. It was my pleasure and my privilege to launch the social impact bank in Downing Street in 2002.
“And since then, through thick and thin, the bank has been instrumental in assisting and helping charities and social enterprises flourish, with loans and savings accounts that deliver real social impact in communities across the country. You deserve our thanks, and you deserve our best wishes.”
Alan Hodson, Chair at Charity Bank said “One of the great things about Charity Bank is that while we all have different roles to play, we share common values and a desire to use finance to make a difference. We’re celebrating not only our history and heritage but also the success of a bank for good and our vision for the future.
“With the current pressure on people and communities across the UK, it’s more important than ever that we continue to do everything we can to support the charities and social enterprises making a real difference in their communities.”
Ed Siegel, CEO at Charity Bank said “We’re delighted to be celebrating, not only 20 years of Charity Bank but two decades of investment in social impact. Charity Bank is not your average bank; we’re a community of people committed to using money to tell a better story.
“One thing we know is that where you bank really does matter. We know that the charities we support will be needed more than ever in the years ahead and that’s why it’s so important that Charity Bank continues to grow in order to support our borrowers and the immense impact they are able to have on the communities they serve.”
About Charity Bank
Charity Bank is the loans and savings bank for charities, social enterprises and people who want to make the world a better place. It uses its savers’ money to provide much needed loans to UK organisations working to drive positive social change – bringing benefits for people, communities, and the environment.
Since 2002, Charity Bank has made more than 1,100 loans totalling over £400m to housing, education, social care, community, and other social purpose organisations. Charity Bank is owned by social purpose organisations and aims to use its expertise, commitment, and flexible approach to lending, to help charities and social enterprises get the support and funding they need.