Kingdom Bank really is a bank with a difference. First of all we are a Christian Bank. This means that we have values that we live and work by. We genuinely care for the people we deal with – our colleagues, our customers and our suppliers. We also manage money well, so that it will do good in our society.
For Kingdom Bank, everything we do flows from our faith which makes us distinctly different from almost every other bank. We aim to place Jesus Christ at the centre of our business with the goal of seeing lives changed as a result of the work of the churches and organisations we serve and the profits we give away to good causes.
With a 60 year history, Kingdom Bank has a rich heritage on which to draw. The inspiration for the foundation of this modern financial institution was the pressing need to provide affordable quality Church premises for new congregations.
In the early 1950’s Pastor George Oldershaw was fulfilling his calling of planting new Pentecostal Churches across the UK from within the Assemblies of God fellowship. As the congregations became established he was keen to help them purchase premises but found the High Street Banks nervous of lending. His solution was to establish a fund where more established churches would deposit money and the newer fellowships could borrow.
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 1980’s and subsequently by the Financial Services Authority.
On 1 January 2005 Kingdom Bank was launched as a wholly owned subsidiary of the Charity, authorised and regulated by the Financial Services Authority and ready to serve the whole Christian community in the UK. Today the Bank remains wholly owned by Assemblies of God Property Trust, is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Our values shape our approach to business. They really do make a difference to what we do and the way that we look after our customers. They are:
Keeping God at the centre
We set time aside to seek and glorify God through weekly prayer, Board devotions, and annual retreats for directors and staff. We fulfil our calling by embracing biblical principles with integrity and accountability.
Valuing people properly
We treat customers as we would want to be treated – with respect and honesty, providing straightforward, value-for-money products designed to meet their needs. We encourage every member of our team to grow and develop while always seeking to give outstanding personal service to customers.
Handling finance responsibly
We provide a secure home for savings and only lend to customers responsibly. We manage all the resources we use wisely since everything belongs to God.
Changing lives for good
We use financial services to support Christian churches and charities. We utilise our profits so that we can generously support Christian causes.