SANTANDER increased its small business lending in Scotland by 43% year-on-year in the past quarter, more than twice the rate of the rest of the United Kingdom, and having almost tripled the size of its corporate banking team north of the Border.
SANTANDER increased its small business lending in Scotland by 43% year-on-year in the past quarter, more than twice the rate of the rest of the United Kingdom, and having almost tripled the size of its corporate banking team north of the Border.
HELPING HAND: Santander UK boss Ana Botin said lending to SMEs has risen by an average of 20% per annum in the past three years.
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TIM SHARP CITY EDITOR
The Spanish-based group also revealed it has written off £52 million of costs after withdrawing from a deal to buy a 316-branch portfolio from Royal Bank of Scotland.
Santander said it had made £115 million of new lending to small businesses in Scotland over the past 12 months to the end of September.
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