Business Banking
NatWest and RBS: EIB funding announcement
Peter Ibbetson, Chairman of Business Banking commented, "NatWest and RBS welcome the EIB's pledge to increase lending to SMEs by almost 30% in both 2009 and 2010, and confirms its commitment to the scheme with the receipt of £250 million funding.
Lloyds TSB pledges to pass base rate cut on to small businesses
Further demonstrating its commitment to small businesses, Lloyds TSB Commercial has pledged to pass on any base rate cut, in full, to all its SME customers.
Banks agree Principles with small business leaders
A newly-revised Statement of Principles setting out how banks will support entrepreneurs through the downturn has been published by the British Bankers' Association.
Natwest and RBS business support initiatives
NatWest and RBS have announce the introduction of a raft of further practical initiatives to give small businesses added peace of mind while trading through the current economic downturn.
HSBC $5 billion global fund to support businesses
HSBC has announced a $5 billion global working capital fund for small and medium-sized businesses to ensure they have access to appropriate credit through the current economic crisis.
RBS and NatWest pass base rate cut on to small businesses
Commenting on the Base Rate reduction Peter Ibbetson, Chairman of RBS Small Businesses said: "RBS confirms today that we will pass on, in full, the Bank of England's base rate reduction of 1.00% to our 1.1 million small business customers with variable rate overdrafts and loans.
Lloyds TSB to pass Base Rate cut on to small businesses
As part of its six-point small business Charter, Lloyds TSB today announces that it is passing on, in full, today's one per cent cut in the Bank of England base rate to all its small business customers with variable rate loans and overdrafts.
Bank of Scotland announces small business support package
Bank of Scotland has announced that it is finalising negotiations with the European Investment Bank (EIB) to secure £250m in funding to support its SME customers during difficult trading conditions.
Lloyds TSB launches charter for small businesses
Lloyds TSB promises to pass on in full any further reductions in base rates in 2008 and 2009 to small businesses as part of a six-point charter for SME customers to help them weather the current economic downturn.
Other banks must follow RBS’ lead on lending to small businesses
Commenting on today's pledge by RBS to guarantee overdraft rates and contracts for its business customers for at least a year, Liberal Democrat Shadow Business Secretary, John Thurso said: "Today's announcement will come as welcome relief for RBS' small business customers who are struggling to cope with the worsening recession.
Boost for business as Natwest and RBS lay down price promise
NatWest and RBS has given the business market place a much-needed shot in the arm with a commitment not to increase overdraft pricing for small businesses, with effect from 1 December 2008.
Small business lending up in third quarter
Lending to small businesses grew by just under £1bn in the third quarter of 2008, according to the British Bankers’ Association (BBA).
Banks promise to help Britain's businesses
Setting out their members commitment to small businesses in a 10 point promise the British Bankers' Association said the Statement of Principles that underpins the Business Banking Code was being reviewed with business groups.
Lloyds TSB to pass base rate cut on to small businesses
Lloyds TSB has announced that it is passing on, in full, yesterday's 1.5 per cent cut in the Bank of England base rate, to all small business customers, with variable rate loans and overdrafts.
New record for agricultural borrowing
The Bank of England has announced a new record for agricultural borrowing in the UK. Data released today (4 November, 2008) shows that bank lending to agriculture at the end of September this year rose to an all-time high of £11.1 billion.