Unity Trust Bank increases lending despite recession

Social lender reports rise in business during first half of 2009

Unity Trust Bank's lending to UK businesses rose by 15 per cent in the first half of 2009, the social lender has announced.

The bank said it lent £127m in the six months to July, compared with £110m in the second half of 2008.

The organisation said it was able to increase its lending because it had not been exposed to the problems other banks had faced during the credit crunch.

"In contrast with the vast majority of banks, we remained very much open for business throughout the financial turmoil of 2008 and achieved record lending growth," said Kevin Turmore, managing director of Unity Trust Bank.

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