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3rd December 2019

Charity Bank raises £5 m subordinated debt with the help of ClearlySo

Charity Bank, the loans and savings bank owned by and committed to serving the social sector, has announced both the successful raise of nearly £5 million in subordinated debt and its plans to attract an additional £10 million in new equity investment from charities, trusts and foundations. This capital will enable Charity Bank to grow its support for the social sector and increase its capacity to respond to a growing demand for repayable finance, including the significant unmet demand for unsecured funding.

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