Malcolm Hayday
Malcolm Hayday is chief executive of Charity Bank.
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Malcolm Hayday has announced his intention to step down from Charity Bank, the social finance institution that he helped to set up ten years ago.
Charity Bank and its largest shareholder Charities Aid Foundation say they have considered but ruled out merging the bank with CAF Bank.
The Charity Commission is considering a request by Charity Bank to change its governing documents to allow it to distribute profits to its charitable shareholders, a decision that could have wider implications for all charitable companies.
New research from Charity Bank suggests that 78 per cent of people don’t know where their savings are invested and 49 per cent don’t care.
Figures from Charity Bank show deposits have grown by £6.3m in the first six months of this year as it records its first period of sustained profit.
In the current economic climate, fear of debt can be understood. But with the right kind of loan, charities can thrive - and have greater control over their future.
Charity Bank has won the Institute for Financial Services’ award for outstanding innovation, beating off competition from major high street banks.
News
Further growth in loans to sector by Triodos and Charity Bank
Tags: Banking | Social investment
Two of civil society’s most prominent retail lenders have seen excellent growth in the amounts they lent to organisations in the first six months of this year.