Santander grows North East SME lending to £129m

Santander increased lending to small and medium-sized businesses in the North East by 16% during 2013

Santander
Santander

Santander increased lending to small and medium-sized businesses in the North East by 16% during 2013.

In the 12 months ended December 31, the bank provided £129m of new lending to SMEs in the region.

The figure was revealed by the company today, as it released its quarterly management statement for the period, which showed profit after tax up from £877m to £921m.

The statement also showed the firm had provided £18.4bn of mortgages to UK households, and boosted its commercial banking lending overall by 13%.

Santander chief executive Ana Botín said: “The UK economic recovery is strengthening, although uncertainties remain in the banking environment for the year ahead.

“This year we will continue with our significant investment in strategic initiatives to expand further our commercial businesses, to improve our retail banking offering and enhance the experience of our customers interacting with us across all channels.

“We will continue to support our customers and the broader economy; our intention is to grow both our commercial and retail lending in 2014.

“We remain confident that we will deliver on our key commitments for the end of 2015”.

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