Tag: Charity Bank

Charity Bank is proud to announce the launch of a new digital energy savings tool, developed in partnership with Energy Saving Trust, designed to help social housing providers and charities improve the energy efficiency of their residential properties. The energy saving tool offers tailored, impartial advice and generates a personalised report with an action plan. Whether they’re looking to retrofit homes, install renewable technologies, or simply reduce energy costs, this tool empowers housing providers to make decisions that support a greener future. It guides users through three simple steps to…

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Charity Bank, the ethical bank dedicated to supporting charities and social enterprises, has announced its annual results for the year ended 31 December 2024, highlighting a year of record lending, strong financial performance, and deepening social impact. In 2024, Charity Bank approved a record £85.4 million in new loans and disbursed £70 million to 104 charities and social enterprises across the UK. The bank’s net loan portfolio grew to £331 million, up from £285 million in 2023. The bank reported a net profit of £4.9 million. Deposits increased by 13% to £387.2 million, reflecting growing public confidence in values-driven…

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Charity Bank is delighted to announce the addition of two new Non-Executive Directors, Yashmin Harun BEM and Prashant Solanky. Their wealth of experience and commitment to social change will significantly enhance the bank’s strategy, which is driven by social impact and aims to address societal challenges.   Yashmin Harun BEM is the founding Chair of the Muslimah Sports Association (MSA), a charity that aims to empower Muslim women through sports. Yashmin also serves as an Independent Non-Executive Director at British Fencing, an elected Director at the London FA, a member…

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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, 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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