# 75% of charities say bank's ethical stance matters in choosing a bank

- Link: https://fundraising.co.uk/2011/06/09/75-charities-say-bank039s-ethical-stance-matters-choosing-bank/
- Published: 2011-06-09T06:14:16+01:00
- Author: Howard Lake

The ninth annual Charity Banking Survey, published by Charity Finance magazine, 
reports that most charities take a bank’s ethical approach into account when deciding
whom to bank with. The survey, which appears in June’s Charity Finance and online
at www.civilsociety.co.uk, reports that 75% of charities judged a bank’s ethical
approach as “important”, up from 61% in 2009. It is based on responses from more
than 250 UK charities.

 

It is not the most important factor of course, but has moved from eighth to fourth
place in just one year.

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Appropriately enough, Co-operative Bank, takes top place in this year’s league table
for primary market share of the charity sector. Paul Martin, Co-operative Bank’s
regional manager, said that ethical initiatives, such as reinvesting 10% of profits
into local communities, make it “the natural partner for charities”.

 

Charity Finance editor Andrew Hind said: “The banking crisis of 2009 has had many
repercussions, and an important one seems to be a re-evaluation

 

amongst charities about what really matters to them in their choice of commercial
partners. It appears that charities are increasingly appreciating the need to act,
and be seen to act, with integrity in everything they do.”

 

www.civilsociety.co.uk/finance

 

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