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Our Performance

Our financial performance for the year ended 31 March 2023 marks a return to profit for the Bank after a period of investment in its people, risk management frameworks and the digital foundations project. Our shareholder subscribed for an additional £7 million of ordinary shares in March 2023 and continues to support the medium-term objective for the Bank to be sustainably profitable.

The Bank’s regulatory capital and liquidity positions as at 31 March 2023 are very strong and provide a robust foundation on which to launch the new 5-year strategic plan which will be approved by the end of 2023.

The Bank’s performance is measured not only through key financial objectives, but also through social impact metrics (‘Giving Money Meaning’) and customer service quality. All of the Bank’s objectives go hand-in-hand with the on-going mission of The Salvation Army worldwide. The Bank offers transactional banking services to more than 30 Salvation Army territories, providing a vital ‘safe haven’ for project funds, operational grants and a secure platform for international fund transfers for the global Salvation Army. The Bank offers these territories a comprehensive product range including current accounts and fixed interest products in GBP, USD & EUR as a UK domiciled bank.

The Bank fulfils the functional banking requirements of The Salvation Army’s International Headquarters handling their international cash management requirements and by providing banking services for International Officers working in the UK. The Bank also provides a wide range of banking services to The Salvation Army (UK Territory), and its trading, social housing and insurance subsidiaries.

£8m

Donated to Salvation Army from Reliance Bank in the last 15 years.

131

Countries where The Salvation Army provides support

Founded 1890

Delivering a positive social impact ever since.

Latest RBL Report and Accounts and RBL Pillar 3 Disclosures

The Salvation Army

We are proud to be the bank of The Salvation Army International. Find out more about our shared history.

We are proud to be the bank of The Salvation Army International. Find out more about our shared history.

Reliance Bank Limited,
Faith House,
23 - 24 Lovat Lane,
London,
EC3R 8EB

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Reliance Bank Limited. All rights reserved. Registered in England. Registration no. 68835.

Reliance Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation Authority and the Financial Conduct Authority.

Financial Services Register number 204537. Member of the Financial Services Compensation Scheme (FSCS)

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