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ProfitWise News and Views, No. 1, 2015
Searching for More Impact: Impact Data on Banks for the Big Picture

How can an investor – looking to invest in or place deposits in a bank in Chicago – best identify a bank that is focused on underserved populations and that also fits his interest in social and financial performance criteria? How can a bank chief executive officer understand how her bank compares to peers in terms of social performance? How can regulators and public policymakers identify high-impact institutions that serve as anchors in underserved communities?

BankImpact, a dynamic online tool, was developed to help answer these questions with relevant data, and ultimately increase the flow of capital to mission-oriented banks and the low- and moderate-income (LMI) communities they serve. BankImpact, paired with Social Performance Metrics, created by National Community Investment Fund (NCIF), can help provide the data necessary to inform and attract impact investors and help banks better understand and contextualize their (own) performance. 

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