A fiscal centre in Croydon has seen a rise in lending and deposits despite the recession.
Clydesdale Bank’s financial solutions centre in Croydon saw lending up by 70 per cent and deposits grow by 28 per cent.
Clydesdale Bank’s traditional banking model ensures that every pound raised from local deposits is reinvested back into lending for local businesses.
Fred Wakelin, managing partner of the Croydon FSC, said: “These results clearly demonstrate how our traditional banking approach is helping local businesses to succeed.
"We are committed to supporting businesses in the towns and cities in which we operate and our clients tell us they like the fact that the money they bank with us goes back into supporting their local economy.
“As a strong bank, our focus has always been on the traditional banking values that have served us well.
"As well as standing by our current clients, we have a strong appetite for helping well-run businesses grow and succeed.
"We are committed to further developing our support for new businesses in Croydon over the coming year.”
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