Lloyds Banking Group

Lloyds Banking Group £12 billion lending commitment

23 November 2011

Lloyds Banking Group has announced a new unilateral commitment to lend at least £12 billion to help Britain’s small and medium-sized businesses in 2012, as part of its continuing effort to help rekindle business confidence, stimulate demand for finance, and fuel economic growth. The move represents an increase on the Group’s current Merlin target, agreed with the Government in February 2011.

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