RBS 'increasing lending to business customers'

26 June 2013

The Royal Bank of Scotland (RBS) is reportedly looking to increase its lending to small and medium-sized businesses (SMBs) and has written to many of its corporate customers to let them know.

Some 100,000 SMBs have or will receive correspondence from the state-backed bank, which is claiming it will substantially increase the amount of money it is lending to them, Sky News reports.

The company, which is currently looking to sell off the majority of its retail branches as part of the bail-out agreement, is expected to announce details of the campaign later in the week.

RBS, along with its subsidiary Natwest, has run successful pilot programmes and is now looking to extend the schemes to a much larger number of its 1.2 million business customers.

UK chancellor George Osborne is looking into the prospect of splitting RBS into two separate segments, which has been supported by many economists.

By Asim Shah

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