• Text size      
  • Send this article to a friend
  • Print this article

SMEs invited to take up additional borrowing by RBS

ROYAL Bank of Scotland has been contacting small and medium enterprise customers to offer them additional borrowing.

The bank said it has got in touch with around 270,000 businesses across the UK in recent months.

It indicated it has offered £10 billion of new lending so far, but did not say how much of that has been taken up.

Ian Cowie, chairman of SME banking for NatWest and RBS, said: "We have received positive feedback from our customers about this initiative and it is encouraging to see the money lent enabling local businesses to fulfil their ambitions."

Contextual targeting label: 

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.