| Formerly | Kingdom Banking Limited (3–30 January 2002) [1] |
|---|---|
| Company type | Private limited company |
| Industry | Financial services |
| Founded | 2005 |
| Headquarters | Beeston, Nottingham, United Kingdom |
Area served | United Kingdom |
| Products | |
| Owner | UK charity Stewardship and a consortium of individuals. |
| Website | kingdom |
Kingdom Bank Limited is a Christian bank in the United Kingdom. They provide deposit accounts, mortgages, and insurance brokering, with the vision of helping UK churches to grow.
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. [2] 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. [3] Kingdom Bank Insurance Brokering is primarily designed for Churches and Christian charities.
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. [4] [5] The deal was approved by the regulators and confirmed in March 2020. [6]
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss.
An escrow is a contractual arrangement in which a third party receives and disburses money or property for the primary transacting parties, with the disbursement dependent on conditions agreed to by the transacting parties. Examples include an account established by a broker for holding funds on behalf of the broker's principal or some other person until the consummation or termination of a transaction; or, a trust account held in the borrower's name to pay obligations such as property taxes and insurance premiums. The word derives from the Old French word escroue, meaning a scrap of paper or a scroll of parchment; this indicated the deed that a third party held until a transaction was completed.
Financial services are economic services tied to finance provided by financial institutions. Financial services encompass a broad range of service sector activities, especially as concerns financial management and consumer finance.
Aviva plc is a British multinational insurance company headquartered in London, England. It has about 19 million customers across its core markets of the United Kingdom, Ireland and Canada. In the United Kingdom, Aviva is the largest general insurer and a leading life and pensions provider. Aviva is also the second largest general insurer in Canada.
Prudential plc is a British-domiciled multinational insurance and asset management company headquartered in London and Hong Kong. It was founded in London in May 1848 to provide loans to professional and working people.
Zurich Insurance Group Ltd. is a Swiss insurance company, headquartered in Zürich, and the country's largest insurer. As of 2021, the group is the world's 112th largest public company according to Forbes' Global 2000s list, and in 2011, it ranked 94th in Interbrand's top 100 brands.
Axa S.A. is a French multinational insurance corporation headquartered in the 8th arrondissement of Paris. It also provides investment management and other financial services via its subsidiaries. As of 2023, it is the largest financial services company by revenue in France, and the 4th largest French company.
An institutional investor is an entity that pools money to purchase securities, real property, and other investment assets or originate loans. Institutional investors include commercial banks, central banks, credit unions, government-linked companies, insurers, pension funds, sovereign wealth funds, charities, hedge funds, real estate investment trusts, investment advisors, endowments, and mutual funds. Operating companies which invest excess capital in these types of assets may also be included in the term. Activist institutional investors may also influence corporate governance by exercising voting rights in their investments. In 2019, the world's top 500 asset managers collectively managed $104.4 trillion in Assets under Management (AuM).
Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. The company was formed in December 2019 as the result of the merger of BB&T and SunTrust Banks. Its bank operates 2,781 branches in 15 states and Washington, D.C., offering consumer and commercial banking, securities brokerage, asset management, mortgage, and insurance products and services. It is on the list of largest banks in the United States by assets; as of August 2023, it is the ninth-largest bank, with $514 billion in assets.
The British Land Company Public Limited Company is one of the largest property development and investment companies in the United Kingdom. The firm became a real estate investment trust when REITs were introduced in the UK in January 2007. It is headquartered in London, England and is a founding member of the European Public Real Estate Association. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
Ecclesiastical Insurance is an insurance company in the United Kingdom founded in 1887. The head office is located in Gloucester.
Ameriprise Financial, Inc. is an American diversified financial services company and bank holding company based in Minneapolis, Minnesota. It provides financial planning products and services, including wealth management, asset management, insurance, annuities, and estate planning.
A custodian bank, or simply custodian, is a specialized financial institution responsible for providing securities services. It provides post-trade services and solutions for asset owners, asset managers, banks and broker-dealers. It is not engaged in "traditional" commercial or consumer/retail banking like lending.
Arbuthnot Latham & Co. Limited is a British private and merchant bank headquartered in London, England. It is the principal subsidiary of Arbuthnot Banking Group plc, which trades on the Alternative Investment Market under the stock symbol ARBB. Founded in 1833, it has the status of one of the 12 accepting houses.
GOD TV is a word of faith Christian media network that started in the United Kingdom. The network's main offices are located in Plymouth, England, UK, and Orlando, Florida, US. Regional offices are situated in India, Sri Lanka, South Africa, Kenya, Ghana and Australia.
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals.
Benefact Trust is a large national charity in the United Kingdom, established in 1972. It is headquartered in Gloucester. It is an independent registered charity. Its objects are to "make a positive difference to people's lives by funding, guiding and celebrating the work of churches and Christian charities; empowering the most vulnerable and giving people, communities and places a renewed opportunity to flourish." Initially, most of its grants were for the repair and maintenance of church buildings. Now it also supports projects that more widely benefit local communities and reflect changes in society.
Allianz SE is a European multinational financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management.
Bestway Group Limited is a British conglomerate founded by Sir Anwar Pervez in 1976. The group operates in the United Kingdom and Pakistan, and is currently based in London.
IIFL Finance Limited d/b/a IIFL and India Infoline Finance Limited, is an Indian diversified financial services company headquartered in Mumbai. The organisation was founded by Nirmal Jain. IIFL and its group companies are backed by Canadian investor Prem Watsa, private equity firm General Atlantic and CDC Group, the UK Government's private equity arm. IIFL is ranked among the top seven financial conglomerates in India and as the top independent financial services firm in India in terms of market capitalisation. Nirmal Jain is the chairman of the group, while R Venkataraman is the group managing director and co-promoter.
  | This bank and insurance-related article is a stub. You can help Wikipedia by expanding it. |
