Natwest Banking
Supporting Customers In Challenging Times
- We are the only bank offering a combination of a committed overdraft and a price promise to our 1.1m small business customers. As a result of this over 9 out of 10 small business customers have had their overdraft facilities renewed at the same or lower margin.
- Our competitive products and relationship focused approach is helping us to win roughly 3,000 new business customers every single week.
- Our free 'Practical Guide to Cash flow and Finances' ensures businesses are better equipped to secure finance from their bank and speed up the application process for them.
- A million copies of our 'trading through an economic downturn guide' made available to help business customers overcome the current market challenges
- Helpline launched to address SME concerns, supported by our most experienced staff to address the concerns of our customers
- Improving access to our most experienced relationship managers by ensuring that those customers most in need of support are looked after by 500 of our most experienced business banking managers, who have all experienced similar downturns
- At NatWest we have the widest geographical reach of any British bank through our network of branches and business centres, so you are never far away from face to face advice from one of our locally based business managers.
Open For Business
- We are currently approving 85% of all business applications for credit
- We are currently providing new loans to over 5,000 businesses a week
- Our gross lending to businesses in the first half of 2009 totalled £17 billion
- Commitment to make available £16 billion of additional lending to viable businesses of our commitment to make £3bn extra lending via 12 regionally managed funds of £250m
- We are actively stepping in to support our customers however many companies are looking to reduce their debts rather than increase them – our own survey of SME’s shows that only 18% are looking to increase borrowing, when 20% are looking to reduce
- To date we have led the field in taking applications for the Enterprise Finance Guarantee scheme, with over £220 million worth of loans already agreed or in the pipeline. Recent BIS figures also confirm that of all EFG lending across the industry, NatWest and RBS have provided nearly half of all loans drawn down.
Paul Jones, Director, Shropshire Business and Commercial Banking.
24 years banking experience across the West Midlands, of which 20 years in the commercial market-place. Head up a team of 11 relationship managers across Shropshire, specialising in commercial business in the turnover range of £0.250m - £25m. Emphasis on relationship continuity, building effective partnerships and providing good quality service and advice at a competitive price.
Brian Seadon, Senior Manager, Shropshire Business and Commerical Banking.
Brian has completed 32 years in banking, with the last 14 years spent within Shropshire Commercial Banking for the RBS Group. He has a specialism in looking after businesses in the professionals sector, and focuses on companies with turnovers in excess of £2M.
Mike Beddows, Manager, Shropshire Business and Commercial Banking.
With 24 years experience with NatWest Mike has worked within Shropshire Business Banking for the past 10 years. He is dedicated to assisting businesses with turnovers between £250K and £2M with the aim of helping them to achieve their goals and aspirations.
Contact Details:
Address: Prospect House, Bellue Vue Road, Shrewsbury SY3 7NR
Tel: 01743 356752
Mob: 07799 868903
E-mail: michael.beddows@natwest.com
Website: www.natwest.com
