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NewsSeptember 27 2010

New bank grows lending to UK SMEs by 21%

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British-based Aldermore bank increased the funding being provided to small and medium-sized enterprises (SMEs) by 21% in Q2, to £302m.

“It is a great result and we really seem to be building a lot of momentum,” says Phillip Monks, Aldermore CEO. “It is an especially strong performance as we have been careful to ensure that we are lending only to credit worthy and robust SMEs.”

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