Bank opens for investors with social conscience

A new bank has been launched for the socially conscious investor which takes deposits from consumers and uses the assets to give charitable groups a source for affordable loans as well as others access to finance of terms they can meet. Called Charity Bank, the new venture is backed by the Charities Aid Foundation, regulated by both the FSA and the Charities Commission and is built on the principles of Investors in Society which provides loans to charities. Its aim is to provide essential financing which many charities, voluntary groups and associations might otherwise be unable to ...