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Bank creates new team to help Thames Valley property sector
Lloyds TSB Commercial has created a specialist team of six property-focused relationship managers in the Thames Valley to help property businesses in the area, as the bank announces that lending to the sector in the region rose by 9.7% in 2010.
This figure represents lending to SME property businesses with a turnover of up to £15 million – companies which need dedicated advice to help them navigate a slowly recovering sector.
The bank’s investment in a specialist team comes as Lloyds TSB Commercial is appointed as the preferred banking partner of the Royal Institution of Chartered Surveyors (RICS), offering dedicated banking services to RICS members.
In securing preferred supplier status with the RICS, the bank is establishing itself as a leading provider of finance and banking to one of the most important business sectors in the UK.
Mark Walker, relationship director at Lloyds TSB Commercial in the Thames Valley, said: “The SME property sector is crucial to the UK and regional economy and the fact that we have increased lending by 9.7% is an indicator that our strategy of investing in this dedicated team is what businesses are looking for.
“Many of our property customers are now considering purchasing property – such as their own premises – again after a cautious couple of years. This is good news for a recovering economy.
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“Our relationship with RICS wouldn’t have been possible if the organisation didn’t have confidence that our team was trained to understand the changing rules and regulations of property finance. Each specialist manager must have a high standard of property expertise to be considered for the role and undergo continuing professional development (CPD).
“By establishing this team in the Thames Valley we are aiming to further increase lending to the right businesses at a time when the SME property sector needs confidence and stability.”
Julia Kamoda, brand relationship manager at RICS, said: “All property professionals need a strong relationship with their bank. Lloyds TSB Commercial’s decision to create a property- focused, specially trained team indicates that it is actively looking to lend to SME property investors in the Thames Valley.”
Details:
www.lloydstsbbusiness.com
THE BUSINESS MAGAZINE – THAMES VALLEY – MAY 2011
www.businessmag.co.uk
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