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5 UK Major Banks Commit to USD15B Loan Scheme to Aid Biz in Expanding Overseas
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The UK government announced on Monday that five major banks, NatWest, HSBC, Barclays, Lloyds, and Santander, committed to providing a total of GBP11 billion (USD15 billion) in loans to assist businesses in investing and expanding into new international markets. The government stated that the loans will be entirely sourced from the banks' own balance sheets, although no specific timeline was provided. The UK Export Finance will offer up to 80% guarantees for eligible loans issued by each bank. AASTOCKS Financial News Website: www.aastocks.com |
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