Loan Introducer
  • Home
  • News
  • Latest Issue
  • Mortgage Rates
  • House Price Centre
  • Blog
  • Commercial
  • Residential
  • Secured
  • Short Term
  • Unsecured
Facebook LinkedIn Twitter

Time: 0:0

Ryan Fowler

RBS to conduct SME lending review

04 July, 2013

By: Ryan Fowler

category: Commercial

0

The Royal Bank of Scotland has launched an independent review of its lending to SMEs.

The state owned bank has hired former Bank of England deputy governor Sir Andrew Large and management consultant Oliver Wyman to conduct the review.

In May RBS said it had £20bn available to lend to SMEs but the bank’s lending to such customers fell by £452,000 in May.

Large said: “There is a disconnect between what the bank says it is doing on lending, and what many businesses say they experience on the ground.

“That is why we have been asked to conduct an independent review to establish what is going on, and what steps can be taken.”

The bank said the review will attempt to find ways in which the bank could work harder to lend to businesses, such as relaxing criteria for first-time loan applicants.

Chris Sullivan, head of UK corporate banking at RBS, said: “Demand for lending remains a challenge, but we want to do more than just wait for demand to materialise.

“We want to play our part in securing the recovery.”

A dedicated website will be set up for the duration of the inquiry through which small business customers can provide their perspectives and experiences on the group’s lending.

The review’s recommendations are to be published in the autumn.


Tags: loan, Royal Bank of Scotland, SME

Recent News

Loans Warehouse: Business as usual for second charge market

12 January, 2021

Loans Warehouse appoints former OneSavings Bank director

12 January, 2021

Shawbrook increases maximum loan size across second charge offering

12 January, 2021

Matt Cottle steps down from Specialist Mortgage Group

08 December, 2020

Comments are closed.

Polls

Will the next six months see an increase in second charge business?

View Results

Loading ... Loading ...
BACK TO TOP

Blog

Blog: Regulation, regulation, regulation

28 January, 2016

  • 0

BLOG: The need to shop around

27 October, 2015

  • 0

Experience is everything

28 March, 2013

  • 0

Tags

  • ‘The LM Experience’
  • £50m
  • 1st HomeLoans
  • 1st Stop Group
  • 247Moneybox
  • 360 Lifecycle
  • 75% LTV
  • 85% LTV
  • Aaron Noone
  • ABC
  • Abhai Rajguru
  • Access 4 Finance
  • Access4Finance
  • Accord
  • acquisition
  • Adam Tyler
  • Adelle Rhule-Martin
  • Adrian Moloney
  • Advertising Standards Agency
  • Advertising Standards Agnecy
  • Home
  • News
  • Latest Issue
  • Mortgage Rates
  • House Price Centre
  • Blog
Facebook LinkedIn Twitter

© CEDAC Media Limited | Terms & Conditions

Advice to readers

While this website is checked for accuracy, we are not liable for any incorrect information included. We recommend that you make enquiries based on your own circumstances and, if necessary, take professional advice before entering into transactions.


© Mortgage Introducer Limited: Our Privacy and Cookies Policy

TPG

www.mortgageintroducer.com
www.investmentinternational.com
www.homebuying.co.uk
www.propertywire.com
www.everyinvestor.co.uk

Close

Enter the site

Login

Password

Remember me

Forgot password?

Login