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United Kingdom : Finance Minister welcomes publication of Northern Ireland bank lending data

July 4, 2014

Finance Minister Simon Hamilton MLA today welcomed the publication of local bank lending data for the first time by the British Bankers Association.

Simon Hamilton said: I am pleased that the data published by the British Bankers Association indicates that the lending environment in Northern Ireland is now improving.

I have been concerned that constrained access to finance has been holding back our economic recovery. However these figures show that small and medium sized business lending and the average value of new approved loans is increasing which is encouraging news. Application approval rates also remain relatively high.

The Minister concluded: I have been pressing for local bank lending data for Northern Ireland for some time now. This publication represents a positive step forward in increasing transparency in this important area.

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Source: TendersInfo (India)

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