CAF BANK HITS NEW LENDING MILESTONE
PORTFOLIO OF LENDING SURPASSES £100M
27 January 2020
CAF Bank – the bank for charities and non-profit organisations owned by the Charities Aid Foundation (CAF) – has grown its portfolio of lending to charities to over £100m, it announces today.
This is the first time that CAF Bank has reached this lending milestone.
In its annual report for 2019, the Bank highlighted its commitment to being the preferred bank for small and medium size charities in the UK, providing a full range of day-to-day banking services to charities and organisations with a social purpose.
CAF Bank loans have benefitted a wide range of people from different walks of life. Projects include redeveloping a former care home into a 14 bedroom home in East Sussex to house homeless people in the area, as well as renovating a church in Putney and transforming it into a modern hub for the local community.
Alison Taylor, CEO of CAF Bank, believes the organisation is uniquely placed to serve charities’ banking needs. “We’re owned entirely by a charity and as a result, specifically designed to understand and serve what thousands of charities across the country need from a banking provider.
“This £100m milestone is important for us. It shows our commitment to responsible lending to UK charities, despite an uncertain economic and geopolitical outlook.”
Last year CAF Bank identified three main priorities for the future: improving customer service, driving efficiency and deepening its social purpose lending. The Bank will report on these priorities as they progress.
Notes to editors
ABOUT CAF BANK
Owned and operated by a charity, CAF Bank is the bank for charities and not-for-profit organisations. We’re dedicated to serving the sector and providing banking services with the benefits you’d want such as knowing that any profits are reinvested in the charity sector, and personal service from a UK-based customer service team with charity sector expertise.
CAF Bank provides simple and straightforward day-to-day banking, designed for UK charities. Whether you want a current account for transactional banking, a savings account or access to borrowing, CAF Bank can help.
CAF Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 204451).
CAF Bank Limited Registered office is 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ. Registered in England and Wales under number 1837656.
Contact:
Press office direct line (24 hours): 03000 123 286
Press office email: media@cafonline.org
George Young, gyoung@cafonline.org
Office: 03000 123 715 / Mobile: 07969 296 646
Caroline Mallan, cmallan@cafonline.org
Office: 03000 123 442 / Mobile: 07921 315 344