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Metro Bank sets aside £100m for NACFB members

by: Samantha Partington
  • 26/08/2014
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Metro Bank sets aside £100m for NACFB members
Metro Bank has set aside a £100m tranche of funds to be lent out through members of the National Association of Commercial Finance Brokers (NACFB).

The lender has been vocal over its commitment to lending to business customers and SMEs.

It quarter two results showed a 216% increase in lending year-on-year, of which almost half was to business customers.

Jason Oakley, managing director of Commercial Banking, said: “SMEs and their needs are extremely important to us and we’re very proud of our continued growth in lending.

“The NACFB is an important organisation that helps many of these business find the right partners to suit their needs. We’re committed to offering a source of flexible funding, combined with unparalleled levels of service and convenience to its members.”

Adam Tyler, chief executive, NACFB, said: “This is a great shot in the arm for our brokers who continue to find demand for finance can outstrip supply.”

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