Tag: Charity Bank

Charity Bank Reinvests Majority of £7.8m Surplus to Support Underfunded Charities

Stuart Mitchell

Charity Bank, the loans and savings bank for social good, has released its annual accounts for 2023. The bank reported a net surplus of £7.8m, the majority of which will be reinvested to expand its support to underfunded charities and social enterprises. With social sector organisations facing challenging economic conditions, including high interest rates, escalating operating costs, and an unsupportive funding environment, Charity Bank has continued to grow its lending and deepened its impact. In 2023, the bank made over £50 million in new loans to UK charities and social…

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Charity Bank Reports Record £500 Million in Social Impact Lending

Stuart Mitchell

Charity Bank, the loans and savings bank for social good, is thrilled to report that it has achieved a momentous milestone: surpassing £500 million in loans to charities, social enterprises, and social purpose organisations across the UK. Ed Siegel, CEO of Charity Bank, said: “Reaching this record of £500 million in social impact loans is a testament to our dedication to driving positive change. It highlights the impact our loans are having on the social sector and reminds us of the tangible difference loan finance can make to people, communities…

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Charity Bank and YMCA Celebrate 10 Years of Partnership

Stuart Mitchell

Charity Bank, the loans and savings bank dedicated to fostering positive social change, celebrates a decade of collaboration with YMCA. Charity Bank uses its savers’ money to provide much-needed loans to UK organisations working to drive positive social change (like YMCAs!) – bringing benefits to people, communities, and the environment.   For over 20 years, Charity Bank has been a steadfast supporter of YMCAs, formalising its partnership with YMCA England and Wales a decade ago. Through Charity Bank loans, YMCAs have addressed homelessness, unaffordable housing, and inadequate housing by purchasing, developing,…

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Charity Bank targets £500k Investment into Leicester’s Charities and Social Enterprises

Stuart Mitchell

Charity Bank proudly announces to target £500,000 in grants and loans over the next 12 months with the ambition of supporting 10 organisations from Leicester’s vibrant and dynamic charity sector. Daniel Wilson-Dodd, Head of Social Investment Solutions, at Charity Bank, said, “We are committed to making a positive and lasting impact in Leicester by supporting the growth and sustainability of charities and social enterprises.” Why Leicester? “Charity Bank recognises Leicester as a vibrant and dynamic city, known for its diversity, youthful population, high startup density, and yet, pockets of significant…

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Leicester Social Economy Consortium Secures Vital Refinancing Deal with Charity Bank

Stuart Mitchell

Leicester Social Economy Consortium (LSEC), one of the largest social enterprises in Leicester, has successfully secured a £625,000 refinancing deal with Charity Bank, the loans and savings bank owned by and committed to supporting the charities and social purpose organisations. Earlier this year, LSEC faced a financial challenge when their previous loan provider ceased catering to loans under £1 million. Undeterred, LSEC actively sought a new partner and found a reliable ally in Charity Bank. The swift intervention of Charity Bank provided the necessary support through a refinanced loan, positioning…

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