Charity Bank loan book up by 31 per cent in 2009

Loans increased to £35.8m last year

Charity Bank has announced a 31 per cent increase in the size of its loan book in 2009.

The social lender saw the level of loans increase in the year by £8.5m to £35.8m. In 2008, they increased by £7.7m.

The bank also increased the level of its deposits by 25 per cent to £44m in 2009. It opened more than 500 new deposit accounts.

"We have ambitious plans to increase our support to charities and other social profit organisations that address society's needs," said Malcolm Hayday, chief executive of Charity Bank. "We will continue to maximise our support to enterprises that are making a real difference to the communities and people they serve."

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