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Financial Profile

As an ethical bank, Unity seeks to be transparent in all that we do

Unity believes in delivering impact, not simply maximising profits.

Our financial strength enables us to address social, economic, and environmental needs in local communities and consistently deliver against values.

Report and Accounts

In 2023, our total loans committed surpassed £1 billion for the first time since Unity was established in 1984 and we provided banking services for over 9,000 customers. Our continued growth helped to deliver positive impact in areas where it is needed most in the UK.

To read more about Unity Trust Bank’s financial performance over the past five years, please click on the links below:

Financial highlights from 2023

The Bank has increased lending to socially-minded organisations across the UK in 2023, to £1,013.6m (2022: £836.6m) enabling us to deliver greater positive impact. Profit before tax for the year more than doubled to £63.9m (2022: £27.4m). Unity ended the year with a Common Equity Tier 1 (CET1) ratio of 19.7% (2022: 18.3%) and a Liquidity Coverage Ratio (LCR) of 210%, both substantially in excess of regulatory requirements.

21%

growth in loans to customers

£1,013.6m (2022: £836.6m)

19.7%

CET 1 ratio

2022: 18.3%

133%

increase in profit before tax

Record £63.9m (2022: £27.4m)

Taxation Transparency

As a socially-responsible bank, Unity also seeks to be transparent in all that we do – and matters of taxation are no different.

Useful Links

Investor Relations

Unity’s returns, resilience, efficiency and contribution to the common good all increased in 2023

Corporate Governance

Ensuring effectiveness and promoting high standards of corporate governance within Unity

Board of Directors

Providing strategic direction and the custodian of Unity’s vision, values and standards

It’s simple, secure and stress-free to switch to us

If you’re ready to switch your Business Current Account to Unity Trust Bank, we’ll make sure it happens like clockwork. It’s guaranteed to take 7 working days, it’s free, and it’s all taken care of by the Current Account Switch Service.