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Project Merlin sees banks lend to SME’s

As part of the Project Merlin initiative, UK’s biggest banks are increasing the lending to SME’s by 15%. Barclays are one of the UK banks to pledge support to Project Merlin.

The big four RBS, Lloyds, HSBC and Barclays are to make available £190bn in new credit to businesses in 2011 of which £76bn is for SME’s . . . → Read More: Project Merlin sees banks lend to SME’s

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