Reliance Bank

Reliance Bank Limited
Company typePrivate
IndustryFinancial services
Founded1892
HeadquartersLondon, United Kingdom
ProductsFinancial services
RevenueDecrease £10.2 million (2009)
Increase £4.1 million (2009)
Increase £1.9 million (2009)
Number of employees
23 (2009)
ParentThe Salvation Army International Trustee Company (51%)
The Salvation Army Trustee Company (49%)
Websitereliancebankltd.com

Reliance Bank Limited, formerly known as The Salvation Army Bank, was founded in 1890 by William Booth. When Booth needed to attract investments to finance mortgages on property vital to the work of the movement, his response was to set up a bank.