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Friday 04th of June 2010

News Tag: ethical banking

February 4, 2010

Customers cite ethical concerns for switching banks

by David Masters
Customers cite ethical concerns for switching banks
The popularity of current accounts with ethical provider The Co-operative Bank soared in 2009. Current account sales at the bank increased 38%, with the number of customers switching to The Co-operative Bank from other major providers rising 22%. Research by The Co-operative Bank found that 10% of consumers switching current account providers do so because they want their money to be invested ...



January 22, 2010

Ethical bank Triodos reports “phenomenal” growth

by David Masters
Ethical bank Triodos reported a record year for its UK operations in 2009, with lending and commitments growing by 73%. During 2009 the bank loaned nearly £250 million to organisations in the UK delivering social, environmental or cultural benefits. Bevis Watts, the bank's head of business banking, said the surge in lending for 2009 was "phenomenal". Environmental enterprise was a strong growth area for the bank, with lending to environmental ...



October 12, 2009

Equity named microfinance bank of the year

by David Masters
Equity named microfinance bank of the year
Equity Bank has secured the accolade of Africa's microfinance bank of the year for the second year running. The Kenyan microfinance provider was announced as the winner at the 2009 African Bankers Awards in Istanbul, Turkey. Equity knocked out other leading contenders to take the award, including Accion, Nigeria, Blue Financial Services of South Africa and UBA Nigeria. Award judges recognised Equity ...



Ethical provider pays 4.5% on fixed-rate bond

by David Masters
Ethical provider pays 4.5% on fixed-rate bond
Islamic Bank of Britain (IBB) is offering annual returns of 4.5% to investors who open its 24-month Fixed Term Deposit Account. The bank invests its money ethically according to Sharia principles - meaning you won't putting your money into arms companies, alcohol firms or tobacco companies. The Sharia principles that govern the account also mean it technically doesn't pay interest, but rather ...



October 7, 2009

Bankers lambasted as unrepentant over crisis

by David Masters
Bankers lambasted as unrepentant over crisis
An ethical banking expert claimed this week that the mainstream banking sector has failed to show sufficient remorse for its role in the financial crisis. Charles Middleton, chief executive of the UK branch of ethical bank Triodos, said bank leaders have yet to take responsibility for their wrongdoings. Speaking ahead of a conference on ethical finance in Dublin, Middleton said he understands the ...



October 5, 2009

Triodos increases UK lending

by David Masters
Triodos increases UK lending
Ethical bank Triodos increased its lending in the UK by nearly one third in the first half of this year. Current lending by the bank rose to £223 million, with a further £82 million in loan commitments that have yet to be drawn down. This £305 million total represents an overall lending increase of 29% compared to the first half of 2008. Customer funds held at ...



September 11, 2009

CFS declares vision for ethical future

by David Masters
”CFS
The Co-operative Financial Services (CFS) plans to build on its credentials as a "principled" and "ethical" organisation, chief executive Neville Richardson said today as he announced the firm's first half-year results. “We are at the start of creating something quite special within UK financial services, a business which is member-owned, customer-led and ethically guided," Richardson said. Profits for the first half dropped only ...



May 6, 2009

Disillusioned savers switch to ethical banking

by David Masters
”Disillusioned
Ethical banking is proving a popular choice for British savers, with record numbers signing up for accounts at the Co-operative. The bank this week revealed that 123% more people have signed up for its current account this year compared to last year. Customers are coming to the Co-operative, which has an ethical screening policy on its investments, from more traditional high street banks ...