Clydesdale Bank Reading managing partner finds reason for optimism

1/5/09

Neil McCluskey, Managing Partner at Clydesdale Bank’s Financial Solutions Centre in Reading, said: “There are some encouraging signs out there for optimists. The money markets are easing, it appears as though destocking is coming to an end with implications for growing order books, and the rate at which things are getting worse is slowing.

“Output, for example, has shown the smallest drop for 13 months and while we need to be very wary of false dawns I would say there is now hope for some recovery in 2010.

“As a bank, our attitude to lending has remained consistent throughout this difficult period and we are always keen to back good management teams who are well placed to make the most of the recovery.”