RBS to return to net lending

Tim Wallace
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SIX YEARS after it collapsed and was bailed out, RBS is at last ready to increase its small business lending, the bank said as it unveiled a new £1bn fund for small- and medium-sized enterprises (SMEs).

Net lending to firms fell by £1.1bn in the first half of the year as old and bad debts were run off, out­weigh­ing the £5bn of new loans issued during the six months. The fund should help to push the bank into positive territory, after years of pressure to offer more credit.

“Whenever a country goes through a recession some businesses shrink, and you are going to find that some get into difficulties,” RBS’ Les Matheson told City A.M.

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