Unity Trust, the commercial bank with a social conscience is celebrating a significant milestone, with loan balances now exceeding more than £400m, with the North West having the largest number of borrowers outside of London.
Unity, which has recently opened an office in Deansgate, Manchester reached this lending milestone in the same month as they announced a 68% increase in profit and confirmed that they had approved over £200m of lending to firms and projects that will deliver community, economic or environmental benefits.
CEO Margaret Willis said: “Since becoming independent from the Co-operative Bank, we have seen our lending and profitability more than double. This could not be achieved without loyal customers, shareholder support and engaged and committed employees.
“Increasingly organisations and businesses are looking for an ethical bank that shares their values. Our performance shows that profit and community value go hand in hand. The better we perform, the greater societal impact we can have.”