Belfast Telegraph

Sunday 20 April 2014

Northern Bank to provide more than £500m in business finance

Northern Bank has provided £500m in finance to local trading businesses in the past year and expects to top that figure in the coming year, the bank revealed today.

The company - one of Northern Ireland's big four banks - also said it had appointed a new business acquisition team to help it win new business customers and develop relationships with them.

Ivan McMinn, head of corporate acquisition at Northern Bank said: "Northern Bank is actively looking for good trading companies to invest in and our financial support packages, along with the expertise and innovative online banking services and cash management solutions that we provide, will help facilitate business growth and profitability.

"The appointment of a new senior business acquisition team reinforces the Bank's commitment to actively support trading businesses and offer competitive products and services which is already attracting new business to Northern Bank."

The team is made up of four experienced bankers who will look to actively acquire new customers, which it said may include those who consider Northern Bank to be a better alternative to their existing bank.

Northern Bank said it considers viable businesses regardless of sector because there are a lot of strong Northern Ireland companies across the board.

The bank is also holding a seminar tomorrow in Lisburn entitled Let's Talk Business where it will outline products tailored to trading business such as online banking and Cash Management systems. The venue for the seminar is the Down Royal hospitality suite which has benefited from a £1.5m investment from Northern Bank.