This site uses cookies; by continuing to use our site you agree to our use of cookies. More details in our privacy policy. Close



Lloyds and RBS exceed business lending targets 23 March 2011

Lloyds Banking Group provided £11.7bn of gross lending to small and medium sized enterprises (SMEs) and £37bn to larger business in the 12 months to February 2011, exceeding its lending commitment by £4.7bn.

During the same period Royal Bank of Scotland (RBS) put up £30bn of gross lending to SMEs and £26.9bn gross lending to larger businesses, exceeding its target by £6.9bn.

Meanwhile in the mortgage market both firms exceeded their lending targets but by smaller margins.

Lloyds delivered £23.5bn of gross mortgage lending, exceeding its government-set mortgage lending target of £23bn, while RBS made £9.4bn of mortgage loans compared to a net commitment of £8bn. 



blog comments powered by Disqus