NIFHA Press Room
Charity Bank Increases Funding to Charities and Social Enterprises
Wednesday 28 July 2010
The strength of Charity Bank’s support to charities and social enterprises has again been confirmed by record loan growth announced today. | Outlining its results for the first 6 months of 2010, Charity Bank revealed that loans agreed to charities and social enterprises totaled £20,932,750 – compared to £22,902,216 achieved during the whole of 2009. Chief Executive of Charity Bank, Malcolm Hayday said: “Over the past six months we have been able to increase our funding to charities and social enterprises. Some of the organisations we have supported have come to us because their funding has been withdrawn, while others have been attracted by the certainty and service we offer. |
Hayday added: “We remain open for business and are actively encouraging applications from the sector. As the public spending cuts come into effect we will continue to maximise our support to enterprises that are making a real difference to the communities and people they serve.”
Charity Bank also announced that deposits have increased by £5.3 million in the first 6 months of 2010, and now stand at £49.6 million.
Charity Bank in Northern Ireland
Charity Bank’s latest loan approval in Northern Ireland is of £600,000 to Omagh Community House, a landmark building on the site of the Omagh bomb. Omagh Community House provides high quality office space for voluntary and community organisations in the area, enabling them to share resources and network more freely.
To find our more about Charity Bank loans visit www.charitybank or call the Belfast office 028 9024 4179
Ends
Media contact: Niamh Goggin / ngoggin@charitybank.org 077 9536 0561
Charity Bank is the only authorised bank in the UK that is also a registered general charity. Its mission is to finance charities and other social profit organisations that address society’s needs, with the support of depositors and investors who want to encourage a more responsible and transparent use of money.
Charity Bank is:
- The only regulated bank that is also a registered general charity
- Authorised and regulated by the Financial Services Authority (FSA)
- A member of the Financial Services Compensation Scheme (FSCS)
- Also regulated by the Charity Commission as a registered charity
Charity Bank employs Niamh Goggin as Regional Manager and two local Assessors, James Moore and Paul Donaldson, in Northern Ireland, in its Belfast office at Community House, Citylink Business Park, Albert St, Belfast, BT12 4HQ.
