Tag: Charity Bank

Charity Bank, the loans and savings bank for social good, has released a ground-breaking study showcasing the financial impact of its loans on charities and social enterprises. This first-of-its-kind study, incorporating data analysis and borrower surveys, provides valuable insights into the tangible benefits experienced by organisations supported by Charity Bank. Analysing Financial Metrics As part of the study, Charity Bank analysed financial metrics for 79 social sector borrowers over a four-year period from one year prior to the borrowers’ initial loan to three years following the loan. Key findings include:…

Charity Bank, the loans and savings bank for positive social change, today announced that Access – The Foundation for Social Investment has committed to invest £2.75m in the bank as part of their Flexible Finance for the Recovery programme. The funding package is comprised of a £1m investment in the shares of the bank and £1.75m in grant funding which together will support the bank’s ambition to reach more charities and social enterprises that have historically faced barriers to accessing social investment. Charity Bank will leverage the Access investment with…

Charity Bank, the loans and savings bank for social good, today announced its annual results for the year ended December 2022. In 2022, Charity Bank also disbursed a record £53.9m in new loans, supporting UK charities and social enterprises. The bank expects to significantly increase the range and diversity of organisations supported in 2023, and will set specific targets for reaching ethnically diverse enterprises and other groups that have experienced exclusion from social investment. “Our strong financial performance will enable us to expand our lending activities, which will help us…

Charity Bank, the loans and savings bank for positive social change, has been awarded the joint highest score and received a ‘Best Buy’ by Ethical Consumer. In their savings account shopping guide, Ethical Consumer ranked 48 banks on their approach to issues concerning the environment, animals, people, and politics. Charity Bank received Ethical Consumer’s best rating across all categories including worker’s rights, animal rights, climate change, tax conduct and environmental reporting, outranking high street banks, digital challenger banks and ethical competitors. Charity Bank was also commended for its positive lending…