Yorkshire Bank’s Pound For Pound Pledge Helps Cheshire

14/5/09

Yorkshire Bank is showing its commitment to business in Cheshire by investing more than £125million of bank deposits back into local businesses over the last three years.

The bank’s Cheshire Financial Solutions Centre in Wilmslow has released the figures as part of its long-standing pledge to invest business deposits made locally back into the community in the form of loans to Cheshire businesses.

The announcement follows Yorkshire Bank’s strong performance when it announced its half year results on April 28, which showed that average lending to businesses in the North West grew 12 per cent in the six months to March 31 2009.

And Yorkshire Bank is committed to helping Cheshire succeed by investing ‘pound for pound’ what is placed in deposit with the bank to improve the opportunities for local companies to secure finance and create jobs.

Paul Reeves, managing partner of Yorkshire Bank in Cheshire, said: “Through our pound-for-pound commitment we will continue to play a key role in helping businesses navigate today’s challenging economic climate.

“Ensuring locally deposited money stays within the economy means we can reinvest these funds to help the growth plans of other Cheshire businesses.”

Over the last three years, this means that Yorkshire Bank’s Cheshire FSC in Wilmslow has been able to invest in excess of £125million in businesses within the Cheshire region.

Paul added: “We remain fully committed to working in partnership with the businesses and communities we serve and, despite our global reach, we have never lost the mindset of being a local bank.”