Local deposits fund local growth

03/2/2009

When it comes to the crunch – Clydesdale Bank is thinking local 

In these days of worrying economic headlines, when global forces are evident on every local High Street, Clydesdale Bank has confirmed its commitment to Ayrshire’s business community.

The bank wants local people to know that its long-standing pledge to investing business deposits made locally right back into the local community in the form of loans to Ayrshire businesses remains as strong as ever.     

Clydesdale Bank is firmly committed to helping Ayrshire succeed by investing locally what is placed in deposit with the Bank to improve the opportunities for local companies to secure finance and create jobs.

Willie Mackie, managing partner of Clydesdale’s Financial Solutions Centre in Ayr, said, “Through our local commitment we will continue to play a key role in helping local businesses navigate today’s difficult challenging economic climate. Ensuring locally-deposited money stays within the local economy means we can reinvest these funds to help the growth plans of other Ayrshire businesses.”

Willie continued, “We remain fully committed to working in partnership with the businesses and communities we serve. This means local knowledge comes into play in our decision making process and, despite our global reach, we have never lost the mindset of being a local Bank.”