Santander, the worlds largest bank has had what seems a very positive year when it comes to supporting small businesses in the UK. Now the prospect of 2012 seems like a challenge, but Santander are ready and waiting :
“While many European banks have retreated during the crisis, Santander has used this time as an opportunity to grow.”
– The Banker magazine, November 2011
In a recent report, Santander boast the following:
Increased coverage across the UK
A rise in lending to SME’s by 25% and new lending commitments of £4.3 Billion.
An overall total of £8.8 billion for new lending.
New relationships with over 2000 companies
The launch of Breakthrough to support the growing number of SMEs in the UK
Exceptional customer service
In a year where profits and losses were big news, Santander kept a healthy balance sheet
Launches of new business banking accounts
Many awards both in the UK and abroad for their banking services for business.
As you can see, this is a positive outcome for what seemed a difficult time and it’s no wonder Santander goes from strength to strength, with the take over of the Royal Bank Of Scotland, one of the original banks that were held in the centre of the recession debate.
Santander have supported businesses and taken on the new funding projects offered to SMEs by the government such as Merlin and Enterprise Finance Guarantee Scheme.
Currently, they are offing great promotions for both domestic and business customers. Simply opening an account with them will earn you a crisp £100.
Those businesses who are struggling with their own banks would benefit from a simple move to Santander.