Lending figures up at Lloyds
A more fluid marketplace has helped Lloyds Bank Corporate Market's Birmingham office secure an 8 per cent rise in net lending.
The bank said lending to corporate businesses had increased over the first six months of 2011 compared with its comparable 2010 results.
Lloyds' West Midlands team also sealed 25 deals and began working with 20 new corporate customers over the period.
Andrew Connors, area director for Lloyds Bank Corporate Markets in the West Midlands, said: "The West Midlands was hit hard by the recession, so we’re pleased to be able to report solid growth this year – it bodes well for the region's economy.
"There's certainly more liquidity in the marketplace which, coupled with a spreading mood of resilience within the local business community, is encouraging news for corporates."
The bank has been involved several transactions in the region this year including AF Blakemore's acquisition of Capper & Co, which created the largest SPAR wholesaler in the UK; and Coventry IT consultancy TES's £15m purchase of Eurodata.
