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RBS to review business lending

The Royal Bank of Scotland is launching a review of its small business lending after uncovering £20 billion in untapped cash that could be used to support loan-starved companies.

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RBS saw lending drop by £1.6 billion in three months

Chancellor George Osborne has made it clear that he expects RBS to increase lending to Britain's small and medium sized businesses.

Here's are some facts on the bank's lending record to date:

  • Net lending fell by £1.6 billion in the first quarter of 2013
  • This is despite it tapping the State's Funding for Lending Scheme for £750 million worth of cheap finance
  • Has a 35% share of the UK SME loans and overdraft market
  • Saw a 20% reduction in borrowing applications from small firms last year

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