IBOS member Royal Bank of Scotland (RBS) and Ulster Bank continue its partnership with UK Export Finance to support businesses that export.
NatWest, Royal Bank of Scotland and Ulster Bank are continuing their partnership with UK Export Finance (UKEF), the UK’s export credit agency, to deliver government-backed financial support to exporters more quickly and efficiently.
The support, previously available to exporters only, will be extended to supply chain companies of UK exporters, significantly increasing the number of businesses able to access UKEF-backed trade finance. As a result, smaller companies that support big UK exporters will have access to government-backed financing via the banks, to deliver products and services and benefit from their clients’ international business.
Through this new model, NatWest, Royal Bank of Scotland and Ulster Bank will be able to provide export-related trade finance to support their SME customers directly, with UKEF’s guarantee in place should it be needed. UKEF will also make trade finance support directly available to direct suppliers supporting UK exporters.
Read the full article, via RBS, here.