'a history in banking'
Established in 1890, when it was known as The Salvation Army Bank, Reliance Bank Limited is built upon caring foundations that remain as strong as ever. The Salvation Army's founder, William Booth, was a man renowned for getting things done. When he needed to attract investments to finance mortgages on property vital to the work of the movement, his response was to set up the Army's own bank.
Today, The Salvation Army Trustee Company and The Salvation Army International Trustee Company still retain joint ownership of the bank. All profits made by the Bank go to support the ongoing work of The Salvation Army. this will either be in the form of direct donations made to the Bank's owners or by increasing the values of the shareholders' investment in the Bank through retained earnings.
Reliance Bank Limited is a growing business and it is not only The Salvation Army which relies on the bank, but it is also trusted by many private customers, as well as other churches, charities, and businesses.
Reliance Bank is BIG on customer care and puts people first, just like The Salvation Army. We care about our customers and the issues that matter to you. We believe in ethical banking and our investments are made within strict ethical boundaries and our profits are used to further The Salvation Army's evangelical and charitable work.
Reliance Bank's Mission Statement
To stand out as a bank with a Christian and ethical conscience, to maintain an increasing income stream for The Salvation Army and to deliver a personal, excellent and efficient banking service across a range of competitive products.
A copy of our latest financial accounts and Pillar 3 disclosures (certain disclosures required by the Bank's regulators) can be accessed through the attachments listed at the bottom of this page.
You may also be interested in The Salvation Army's Insurance Company, SAGIC, which provides a number of insurance products and services. It can be accessed via www.sagic.co.uk
Reliance Bank has no direct business connection with SAGIC and this link is provided for information purposes only.