Bank hits record church lending
Iain Taylor
Kingdom Bank has announced record lending for 2024, having approved 99 mortgages with a total value of nearly £27million.
The Christian bank uses deposits from churches and individuals to make loans to churches, Christian charities and those in full-time ministry secured on property. Since 2020, it has granted £100 million in loans and aims to boost that number by 150% over the next five years, lending a further £250 million by 2030. Of the mortgages in 2024, 44 were for church buildings, 28 were for houses for church leaders, 20 were personal mortgages for Christian ministers and seven – for churches and charities – were secured on other types of buildings. The largest group applying for loans was independent evangelical churches.
God, mammon & economics
What are your views on the economic situation facing the nation and the world? What have you made of discussions in recent weeks around tariffs and globalisation? Such issues can often seem somewhat divorced from our Christian faith. And yet these are matters which affect all of us, every day, in many different ways.
At Evangelicals Now, one of the things we are interested in is “joined-up thinking” in relation to our faith and our world. In other words, if Christ is Lord of all, how does that Lordship affect every area of human life and thought? And that includes economics.