Spanish-owned bank Santander has moved its offices in Birmingham to cope with the expansion of its corporate banking team.
The bank’s West Midlands Corporate Banking Centre, which was previously based in offices at 43 Temple Row, set up on Cornwall Street this week.
The bank has increased its numbers since the start of the year, recruiting eight more relationship managers to provide support for its growing number of clients in the region.
Keith Webb, regional director for the West Midlands at Santander Corporate Banking, said: “2009 has been a busy year for our West Midlands team, we have recruited a number of experienced relationship managers, who are well known in the local business community and have seen a significant increase in the number of new clients choosing to bank with Santander.”
“Santander has a clear strategy of increasing its presence in the corporate banking market, based on building long term relationships with our customers.
“We are investing heavily in the West Midlands to help us achieve our ambition of becoming the bank of choice for businesses. The Cornwall Street office is almost double the size of our former premises, and with further new appointments likely, it allows for the team to grow further.” The group has recently launched an online factsheet providing SMEs with information on the Government-led Enterprise Finance Guarantee Scheme (EFGS) and the bank’s involvement with the European Investment Bank.
Steve Pateman, the head of Santander Corporate Banking, said: “It is essential that SMEs understand the different schemes that are available to them, and the benefits they offer. The factsheet we have published on our website provides clear and concise information, which will enable businesses to identify whether their business is eligible to borrow via one of the schemes and the types and level of lending they can apply for.”
As part of Santander’s plans to develop its UK SME business, the bank joined the Enterprise Finance Guarantee Scheme in March.