Tag: Unity Trust Bank

Unity Trust Bank, which supports organisations to deliver positive social impact around the UK, has reported a record level of lending in its annual results for 2023. Exceeding £1 billion for the first time in its 40-year history, almost half of Unity’s financing last year (45.3%) went into areas of high deprivation.  Overall lending increased by 21% to £1.01 billion (2022: £836.6m) while after-tax earnings rose to £48.9m (2022: £22.8m), resulting in a strong CET1 capital ratio of 19.7% (2022: 18.3%). Colin Fyfe, CEO at Unity Trust Bank, said: “Surpassing…

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Unity Trust Bank, the commercial bank with a social conscience that serves SMEs and organisations, has appointed Colin Fyfe as its CEO. Colin joins Unity with more than 40 years’ experience in the banking sector including 10 years as CEO at two building societies. With a deep understanding of commercial business and the wider regulatory banking environment, Colin brings a wealth of knowledge and expertise to the role. Commenting on his appointment, Colin said: “Unity’s very strong track record, its social purpose and driving ambition are compelling. “Personal service and…

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