Barclays in finance vow

BARCLAYS insisted it remained committed to providing asset finance to small firms after claims it had pulled out of the market.

The bank said it had altered its response to new finance requests from SMEs after changes in the asset finance portfolio. Reports had said Barclays had told customers with a turnover of less than £5m that it would no longer provide them with asset finance.

A spokesman said: “We will continue to offer asset finance to Barclays Corporate customers where we are satisfied that the asset provides suitable security. With SMEs we have seen a change in the asset finance portfolio and are reflecting this with changes to our overall proposition for new finance requests.”

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