Our Performance

The Bank continues to make good progress against its strategic objectives, with the benefits of its focussed product strategy becoming increasingly evident. Social impact lending and customer deposits both reached record levels during the year, reinforcing the Bank’s strong market position and growth trajectory. Although net interest income remains subject to the effects of market rate reductions and competitive pressures, the ongoing growth of the loan book provides a strong foundation for future earnings. As a result, the Bank delivered a profit before taxation of over £1.1 million in 2026 (2025: £1.4 million), reflecting the resilience of its business model and continued commercial momentum.

Our priorities remain clear to maintain an operationally-resilient bank that serves the evolving needs of our shareholder and the global Salvation Army community. This year, we significantly strengthened our risk management frameworks and expanded our investment in talent and capability across the Bank. During the year, we laid the groundwork for enhancing our digital infrastructure, initiating key projects that will be developed further in the years ahead.

The Bank’s capital and liquidity positions remain robust, providing a solid foundation for the execution of our strategic plan. We continue to measure our success not only through financial outcomes, but also through our social impact and the quality of service we provide to our customers. These pillars are central to our purpose and aligned with the mission of The Salvation Army worldwide.

As a trusted financial partner to more than 30 Salvation Army territories, and thousands of other customers, the Bank plays a vital role in supporting local communities, facilitating international transfers, and supporting operational needs through a comprehensive suite of banking services. We are proud to serve the global Salvation Army, UK charities and other ethically-aligned organisations, offering stability, security, and service excellence.

We remain grateful for the continued support of our shareholder, whose commitment enables us to pursue our medium-term objective of sustainable profitability while staying true to our mission of “Giving Money Meaning”