LONDON, Jan 26 (Reuters) - Britain's five leading banks committed to lending 11 billion pounds ($15 billion) in total to help firms invest and expand into new international markets, the government
UK Banks Pledge £11 Billion to Support International Business Expansion
UK Banks' Commitment to Business Growth
LONDON, Jan 26 (Reuters) - Britain's five leading banks committed to lending 11 billion pounds ($15 billion) in total to help firms invest and expand into new international markets, the government said on Monday.
Details of the Lending Package
Lending will be drawn entirely from the banks' own balance sheets. The banks are NatWest, HSBC, Barclays, Lloyds and Santander.
Role of UK Export Finance
UK Export Finance, the government’s export credit agency, will guarantee up to 80% of eligible loans issued by each bank.
Participating Banks
($1 = 0.7308 pounds)
(Reporting by Sam Tabahriti; editing by William James)
