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BBA releases lending statement

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The association has published its Statement on Principles after discussions with small business representatives and the Department of Business, Enterprise and Regulatory Reform.  BBA chief executive Angela Knight says: “The principles show that banks are committed to working with business customers to find ways of overcoming the difficulties they may face in changing markets and through the economic cycle. All businesses experience these challenges.

"The principles also emphasise that if the owners and managers of the business take early advice and action, they can work with the bank to sort out difficulties.” The publication of the principles follows this week’s meeting between Alistair Darling, Peter Mandelson and the banks on small business lending.

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