The Midlands division of the Yorkshire Bank increased its lending by 12 per cent over the last six months, according to its latest results.
The local division of the bank was one of the better-performing in the country, according to the half-year results of the National Australia Bank Group, the owner of the Clydesdale and Yorkshire Bank.
Midlands regional director Brian Colquhoun said: “These results clearly demonstrate how our traditional banking approach is helping local businesses to succeed. We are committed to supporting businesses in the towns and cities in which we operate and our clients tell us they like the fact that the money they bank with us goes back into supporting their local economy.
“As a strong bank, our focus has always been on the traditional banking values that have served us well. As well as standing by our current clients, we have a strong appetite for helping well-run businesses grow and succeed. We are committed to further developing our support for new businesses in the Midlands over the coming year.”
Yorkshire Bank’s business banking network, which has 77 locations across the UK and six in the Midlands region, has expanded its customer base by five per cent in the six-month period, which it put down to strong customer retention and increased acquisition rates.
In the last six months, business lending was up by 14 per cent, representing £1.2billion going out to businesses.