Bank out to lend £2bn to medium and large sized companies

Tony Kelly

Allied Irish Bank (GB) is launching £2bn of lending funds for medium to large sized businesses seeking finance for growth.

Four £500m funds will be available for businesses in the key economic growth sectors of manufacturing, healthcare, hotels & hospitality and professional practices.

The funds have been launched in response to feedback from customers in these sectors who are anticipating growing demand in 2018 and beyond.

They will provide a full range of financing options designed to help those businesses invest and ensure they are poised to take advantage of new opportunities and contribute to economic growth.

The bank has ring-fenced funds specifically to offer competitively priced finance and full banking facilities with best-in-class relationship driven service to established, growing businesses.

Tony Kelly, regional director Midlands and North England, Allied Irish Bank (GB) said: “Allied Irish Bank (GB) is a niche commercial bank with recognised expertise in its chosen sectors and markets.

“Our customers and partners continue to tell us that understanding their businesses and the sectors in which they operate is very important to them.”

Allied Irish Bank (GB)’s lending funds are open to businesses operating in the Manufacturing, healthcare, hotels and hospitality and professional practice sectors; where drawdown of facilities is to be completed by no later than December 31, 2018; and for applications before December 31 or until the fund is fully utilised – whichever occurs first.

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