Kingdom Bank (United Kingdom)

Kingdom Bank Limited, commonly referred to as Kingdom Bank, is a Christian bank in the United Kingdom.

Kingdom Bank Limited
Private limited company
IndustryFinancial services
Founded2005
HeadquartersRuddington, Nottingham, United Kingdom
Area served
United Kingdom
ProductsMortgages, Savings, Insurance
OwnerAssemblies of God Property Trust
Websitewww.kingdom.bank

History

It was founded in the early 1950s by Pastor George Oldershaw as an informal fund to finance the development of churches within the Assemblies of God movement in Great Britain and Ireland.[1] In 1954 the fund became a Registered Charity known as Assemblies of God Property Trust. The organisation saw slow but steady growth and was authorised by the Bank of England in the 1980s and subsequently by the Financial Services Authority.

On 1 January 2005 Kingdom Bank Limited was launched as a wholly owned subsidiary of the Assemblies of God Property Trust.

In May 2009, Kingdom Bank expanded its insurance business by purchasing the insurance business of Stewardship, a Christian charity.[2]

In September 2019, Kingdom Bank announced that the Assemblies of God Property Trust intended to allow Stewardship, with a group of Christian philanthropists, to purchase the bank[3] [4]. The deal was approved by the regulators and confirmed in March 2020. [5]

gollark: ESPsomething microcontroller boards?
gollark: The zero W?
gollark: Degrading flash memory probably *should* just become unwritable or something.
gollark: No idea.
gollark: The flash stuff degrades, but it can correct for it to some extent (and report issues to the OS), but might also randomly fail for no apparent reason.

See also

References
  1. Davis, Alexandra. "Chris Sheldon: chief executive of Kingdom Bank". Evangelical Alliance. Retrieved 2020-07-20.
  2. "Kingdom Bank takes over Stewardship's insurance business". Christian Today. 16 May 2009. Retrieved 12 October 2011.
  3. https://www.kingdom.bank/news/kingdom-bank-announcement
  4. https://www.thetimes.co.uk/article/christian-charity-buys-kingdom-bank-for-7m-js2rvz8jp
  5. https://www.kingdom.bank/news/kingdom-bank-set-for-major-expansion


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.