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Unity Trust Bank attracts £11m of new investment from the Sustainability, Finance, Real Economies (SFRE)

Unity Trust Bank has secured over £11m of new investment since the end of last year and reported that both profits and new lending were up by over 20%.

In its 2017 annual results, the commercial bank revealed that it had lent nearly £100m to firms and projects which will deliver community, economic or environmental benefits.

Birmingham-based Unity attracted over £11m of new investment from existing shareholders and new investor the Sustainability, Finance, Real Economies (SFRE) fund.

SFRE is an investment fund initiated by the Global Alliance for Banking on Values.

The investment will enable Unity to continue its growth plans.

It has also enabled the buy-back of the Co-operative Bank’s remaining shares, meaning it is no longer a shareholder in Unity.

“Since becoming independent in December 2015, Unity has pursued its goal to lend responsibly to firms and organisations that share our mission to benefit society,” said Margaret Willis, CEO at Unity Trust Bank (pictured above).

Courtesy of Specialist Banking.
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