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CITYOFLONDON FINANCE NEWS

Thursday March 19 2020

Unity Trust Bank celebrates a 34% increase in its profits


Unity Trust Bank, the specialist commercial bank that supports the growth of businesses and organisations to enable positive social change, increased its profits by 34% in 2019.



 Unity Trust Bank celebrates a 34% increase in its profits

Unity Trust Bank has reinforced its commitment to supporting businesses across the country with lending growth of 30% for the second consecutive year and more than £243m of loans approved over the preceding twelve months.

The bank’s lending delivered positive impact across local communities, enabling customers to create 672 new jobs, housing 437 people and building or refurbishing 1,188 buildings or bed spaces.  Unity Trust Bank has three commercial offices based in Birmingham, Manchester and London, as well as a team of relationship managers and a customer service team, which offers support for businesses across the country.

With more than 35 years’ heritage, Unity Trust Bank’s commercial success over the last few years provides a strong platform from which it can continue to pursue growth.

Margaret Willis, CEO of Unity Trust Bank, said:

“We understand that we are releasing our results at an unusually challenging time. COVID-19 is a global health crisis with far reaching implications, our thoughts go out to the people who have been affected by this unprecedented event. I would like to reassure customers that we are here to support them, and as a responsible employer, we have made changes to our working patterns consistent with Government guidelines. The safety and wellbeing of our customers and our people is our first priority.

 “These results demonstrate our continued resilience despite the current headwinds, we are committed to providing our customers with support and advice through this disruption and remain open for business. We are continuing to invest in the bank so that we can keep growing safely and responsibly, and ensure that our purpose to support organisations which are making a positive societal impact is unchanged.”

Unity Trust Bank offers commercial banking services and lending solutions which enable its customers to grow, businesses to thrive and communities to flourish. The bank is a Real Living Wage employer, a Fair Tax Mark business, a Women In Finance Charter signatory, a member of the Banking Standards Board and holds the Investors in People Gold standard.  

To find out more about Unity Trust Bank, please visit: www.unity.co.uk



"We're continuing to invest in the bank so we can keep growing safely and responsibly, and ensure that our purpose to support organisations which are making a positive societal impact is unchanged."
Margaret Willis, CEO of Unity Trust Bank






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