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PPI charges: More people considering ethical credentials of banks

More people are considering the ethical credentials of their banks, which may be of interest to people experiencing PPI charges.

Huw Davies, head of personal banking at Triodos Bank, a bank that only lends to and invests in organisations that benefit people and environment, claims that consumers are becoming more ethically aware.

Mr Davies explained that people are buying more fairtrade produce and are thinking about where their food comes from.

He said: "While I think it's true to say that financial services do lag behind, there is noticeably an increase.

"There are more and more people who are saying I want to get a good rate but I also want to think about other things."

However, Mr Davies also said that people are still looking around for the best rates, which is "understandable".

The Co-operative Group recently announced that profits in March had almost increased by 50 per cent.

Samantha Clarke

Samantha is a former banking assistant and has over ten years experience in retail banking.

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