Unity Trust Bank’s record lending supports some of the UK’s most deprived areas

Unity Trust Bank’s record lending supports some of the UK’s most deprived areas

Unity Trust Bank has reported a record level of lending in its half-year results – exceeding £900 million for the first time in its history and growing 9% from last year.

With a continued commitment to create a better society through safe growth, 37% of Unity’s financing in the first six months of 2023 went into areas of high deprivation.

81% of these loans were allocated to local businesses delivering impact in their communities, and 15% to organisations creating solutions that specifically help disadvantaged or marginalised people.

Supporting lending customers through a period of financial uncertainty has also been a key focus for Unity, with each receiving dedicated assistance from a relationship manager who understands their organisations and their needs.

Profit before tax increased to £28.7m (30 June 2022: £9.6m), and Unity has reinvested into the growth of the bank through recruitment and new technology to enhance customer experiences, improve services and bolster operational resilience.

Deborah Hazell, CEO at Unity Trust Bank, said: “Our purpose, as a bank with a social conscience, is to provide excellent banking services to organisations that contribute to the common good and deliver sustainable returns.

“Unity continues to thrive through this purpose and we’re proud of the positive social impact we support in local communities across the UK through our carefully considered approach to lending.

“Our excellent first half performance, with a return on equity of 32.9%, demonstrates that it is possible to both contribute positively to society and be financially strong.”

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