Charity Bank
Charity Bank is an independent bank that only lends money to charities and social enterprises.[1][2] Its shareholders are all charitable trusts, foundations and social purpose organisations.[3]
It is regulated by the PRA and FCA. Its head office is located in Tonbridge, Kent and its regional managers work across the UK.
Charity Bank was founded in 2002 to act as a specialist loans and savings bank for charities and social enterprises[4][5][6][7][8].
Charity Bank funds loans by offering savings and deposit accounts to charities, businesses, trusts, credit unions and individuals in the UK. Charity Bank is a member of the Financial Services Compensation Scheme, the UK’s deposit protection scheme.[9]
| Bank, Social Enterprise, Ethical Bank | |
| ISIN | 🆔 |
| Industry | Financial Services |
| Founded 📆 | 2002 |
| Founder 👔 | |
| Headquarters 🏙️ | Tonbridge, England, UK |
Area served 🗺️ | |
Key people | Edward Siegel, chief executive |
| Products 📟 | |
| Members | |
Number of employees | 60 |
| 🌐 Website | www.charitybank.org |
| 📇 Address | |
| 📞 telephone | |
Ethical Policy[edit]
Charity Bank maintains the following policies concerning its activities:
Loans criteria
Charity Bank only leads to charities and social enterprises.[10][11][12][13][14]
Staff and directors
Charity Bank pays no bonuses to its employees and its non-executive directors work for free.
Transparency
Savers are sent an annual portfolio of the loans the bank has made so they can see how their savings are invested.[15]
Savers are also invited to meet charities from their local community that have been supported by Charity Bank, as a direct way of sharing the difference their savings make.[16][17]
Accreditation
Charity Bank is the only bank in the UK to be awarded the Social Enterprise Mark, reflecting its social sector ownership and social purpose.[18]
References[edit]
- ↑ "Banks & Building Societies Ethical Comparison". thegoodshoppingguide.com. Retrieved 2018-12-13.
- ↑ Bachelor, Lisa (2012-07-18). "Ethical banking: as banks wallow in the mire, is it still possible?". The Guardian. ISSN 0261-3077. Retrieved 2018-12-13.
- ↑ Jones, Rupert (2016-07-16). "Carbon-free banking: where to save, invest and borrow". The Guardian. ISSN 0261-3077. Retrieved 2018-12-13.
- ↑ "UK charity bank set for launch". BBC News. 2002-05-01. Retrieved 2018-12-13.
- ↑ "Charity bank opens for business". BBC News. 2002-10-17. Retrieved 2018-12-13.
- ↑ Oct 2002, 12:00AM BST 19 (2002-10-18). "Charity Bank hangs out flags". www.telegraph.co.uk. Retrieved 2018-12-13.
- ↑ James, John (2002-05-01). "Depositors fund Charity Bank loans". The Guardian. ISSN 0261-3077. Retrieved 2018-12-13.
- ↑ McCurry, Patrick (2002-10-17). "First not-for-profit bank open for business". The Guardian. ISSN 0261-3077. Retrieved 2018-12-13.
- ↑ Murray-West, Rosie (2012-12-10). "Give your charitable donations the X factor". The Telegraph. Retrieved 2018-12-13.
- ↑ "Can ethical banks offer a realistic alternative?". The Independent. 2012-07-07. Retrieved 2018-12-13.
- ↑ Birch, Simon (2012-02-10). "How to choose an ethical banking account | Simon Birch". The Guardian. ISSN 0261-3077. Retrieved 2018-12-13.
- ↑ Jones, Rupert (2013-10-23). "Ethical alternatives to the Co-operative Bank". The Guardian. ISSN 0261-3077. Retrieved 2018-12-13.
- ↑ Wright, Melanie (2007-11-13). "Tax-efficient charitable donations". The Telegraph. ISSN 0307-1235. Retrieved 2018-12-13.
- ↑ Jones, Rupert (2014-01-04). "Getting children into the savings habit". The Guardian. ISSN 0261-3077. Retrieved 2018-12-13.
- ↑ "A 'responsible and sustainable' home for your cash". The Independent. 2012-10-20. Retrieved 2018-12-13.
- ↑ Jones, Rupert (2018-09-29). "Ethical investing: how you can do a power of good". The Guardian. ISSN 0261-3077. Retrieved 2018-12-13.
- ↑ "Charity bank invites savers to Follow the Money and see its social impact first-hand". Blue and Green Tomorrow. 2015-09-21. Retrieved 2018-12-13.
- ↑ "Charity Bank". Social Enterprise Mark CIC. Retrieved 2018-12-13.
External links[edit]
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