Bank’s lending up by £68m as pre-tax profits rise 65%

Margaret Willis
X The Business Desk

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Unity Trust Bank has reported an increase in total net lending of more than £68m in its half year results.

The bank said the increase demonstrates how it continues to deliver “safe and sustainable growth”, reporting pre-tax profits of £5.2m for the first six months of the year, up 65% on the same period in 2020.

Unity’s customer lending reached £677m during this period, which helped to house 1,225 people, create 334 jobs and provide 229 bed spaces.

Margaret Willis, CEO of Unity Trust Bank, said: “I am extremely proud that we have been able to support businesses that operate for the greater good and demonstrate how finance can have a positive impact on society.

“Access to funding is crucial for our customers and the communities and vulnerable people that they help.

“We recognise the role we play in addressing acute issues of inequality, which we anticipate will be increasingly prevalent as we emerge from the pandemic.

“The growth that Unity has achieved in the first six months of the year has meant we have continued to deliver impact across the UK, from Scotland to the South Coast.

“As we look to expand our reach further, Unity, our people and our customers, are committed to helping to create a better society for all.”