Supporting Gender Balance

Reliance Bank has been at the forefront of socially responsible banking since 1890, when we were founded as the Bank for The Salvation Army, by William Booth (the founder of The Salvation Army).

We are a distinctive specialist bank delivering positive societal outcomes aligned to the mission of The Salvation Army. For that reason, we have been recognised for our continuous work as a socially responsible bank.

At Reliance Bank we believe it is important to work together to see fairness and gender balance at all levels across financial services firms. For that reason, Reliance Bank have signed up to HM Treasury’s Women in Finance Charter which is a pledge for gender balance.

By signing up to the Charter, Reliance Bank pledge to promote gender diversity in the following ways:

Having one member of our senior executive team who is responsible and accountable for gender diversity and inclusion;
Setting internal targets for gender diversity in our senior management team;
Publishing progress annually against these targets in reports on our website;
Having an intention to ensure the pay of the senior executive team is linked to delivery against these internal targets on gender diversity.

We are pleased to confirm that since signing up for the Women in Finance Charter, as of 31 March 2025, we have 50% female representation on the Board and 50% female representation on the Executive Committee. Two female Executive Directors count in both groups therefore overall female representation in senior management is 43%. Our target is to reach 50% by March 2028.

The Bank does not currently offer variable pay however, from 2025 annual performance objectives require each individual to self-assess against our 5 core values. Our Equality value is defined as “We value all voices to enable opportunity and diversity of talent”.

Useful link: HM Treasury Women in Finance Charter

We are proud to be the bank of The Salvation Army International. Find out more about our shared history.