RBS in drive to boost lending

Tim Wallace
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RBS INCREASED its drive to lend to small firms, yesterday unveiling a plan to write to 100,000 customers to offer further loans.

The sector has come under pressure from politicians to lend more to businesses in a drive to increase the flow of credit and pace of investment.

RBS’ initiative comes after Lloyds wrote to a million firms and Santander began a programme of training for small firms, as well as a series of international trips to help them make contacts for exports.

And earlier this year HSBC launched a £5bn fund to lend to SMEs who want to export.