International development agency, Christian Aid, has approved plans to move banking provider from Barclays to Lloyds. In a statement, Christian Aid’s Chief Operating Officer Martin Birch said:
“Following Christian Aid’s decision to review our banking arrangements last year and a competitive tender process, the Board of Trustees have approved plans to move our banking provider from Barclays to Lloyds.
“With Lloyds, we will continue to be able transfer funds to high-risk countries such as Syria, Myanmar and Afghanistan, as we currently do with Barclays. This global banking network is essential for Christian Aid to continue to support those people who are the hardest to reach.
“Whilst Barclays was able to provide banking services to fragile contexts, their record on fossil fuel finance, and their weak commitment to future improvements in this area meant that we had to seek a more suitable provider.
“Christian Aid has ambitious environmental commitments over the next few years, as set out in our recently launched Environmental Policy. The transition to Lloyds will take place over the next few months.”
ENDS.
