Tag: Charity Bank

Charity Bank tops ethical banks table for thirteenth successive year

Stuart Mitchell

For the thirteenth year running Charity Bank has been awarded the top spot in the Ethical Banks and Building Societies Ethical Comparison Table 2019, according to The Ethical Company Organisation’s Good Shopping Guide. Ecology Building Society and Triodos Bank follow in second and third place, whilst many high street banks feature towards the end of the table. Ethical Banks & Building Societies‍‍‍ Ethical Comparison Table – see the full table here. © The Ethical Company Organisation The Ethical Company Organisation’s researchers monitor the ethics of companies across a wide range…

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Charity Bank reaches 1000th loan milestone

Stuart Mitchell

Charity Bank, the loans and savings bank owned by and committed to serving UK social purpose organisations, is today announcing that it has issued its 1000th loan. This marks an important milestone for the bank and its charity and social enterprise borrowers, as well as the investors and depositors that have supported Charity Bank and its mission since it was launched 17 years ago. Charity Bank supports the UK social economy by using savers’ funds to finance loans for charities and social enterprises, helping them to fulfil their missions and…

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Charity Bank Raising Share Capital

Stuart Mitchell

Charity Bank, the loans and savings bank owned by and committed to serving the social sector, has today announced both the successful raise of nearly £5 million in subordinated debt and its plans to attract an additional £10 million in new equity investment from charities, trusts and foundations. This capital will enable Charity Bank to grow its support for the social sector and increase its capacity to respond to a growing demand for repayable finance, including the significant unmet demand for unsecured funding. Charity Bank has grown its loan book…

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Charity Bank takes to the road with free regional events in the UK for charity professionals

Stuart Mitchell

Charity Bank is inviting trustees, directors, CEOs and managers of charities, social enterprises and community organisations to attend a series of free regional events in September and October. Taking place in Edinburgh, London, Tunbridge Wells, Leeds, Reading, Derby and Manchester, these events will provide the latest insight on the state of the social sector at a time of change and challenge. NCVO will present an update on the state of the sector and then sector specialists will engage with the audience in unpicking some of the challenges and opportunities that…

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Charity Bank loans totalled £48.6 million in 2018

Stuart Mitchell

Charity Bank announced at its Annual General Meeting (AGM) that it lent £48.6 million to charities and social enterprises in 2018. This is up 43% from £34.1 million in 2017 and means it has lent over a quarter of a billion (£270 million) since 2002, to enable positive social change across the UK. Last year’s loans included £21.2 million to support housing and local facilities projects; £12.1 million for the provision of arts, heritage, sports and faith, and £7.9 million towards employment, training and education. Having access to funding is…

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