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.
Elite sport: Where is the contentment?
Sport has been plagued by conversations about money in recent years, exacerbated by golf’s high-profile breakaway LIV tour [a professional men's golf tour] and recent demands from elite tennis players for their prize money to be increased.
Golf
The formation of the Saudi Arabia-backed LIV Golf circuit in 2022 sparked furious debate in the golfing world, as some of the sport’s top stars departed from the PGA Tour [PGA is an organiser of professional golf tours] for the far greater sums on offer at LIV. This was seen by many as a betrayal of the established structures which had given the players their living, and paid them fairly handsomely already.