Posted by AdviserDirect on 08/09/2019

Co-op Bank bounces back with small firms growth

Co-op Bank bounces back with small firms growth

The Co-operative Bank has increased its lending to small business customers for the first time in six years as it seeks to cast off its past problems.

The bank is the UK’s seventh biggest provider of loans to small businesses but put the brakes on lending in 2013 after discovering a £1.5 billion hole in its finances that threatened its survival.

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