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Aldermore Bank’s CEO Phillip Monks comments on latest Bank of England Governor announcement

POSTED: 7th August 2013
IN: Newsroom
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Following the announcement this morning from the Governor of the Bank of England

Dr Mark Carney, Aldermore Bank's Chief Executive Officer Phillip Monks said:

"We welcome the certainty provided in today's announcement from the Bank of England to keep interest rates low for the foreseeable future. This is good news for our SME customers up and down the country.

"Over the past few years we have seen a lack of confidence across the whole financial sector. The consequence of this is that perfectly reputable SMEs with excellent business models have been refused or simply starved of credit by many banks. I hope this initiative will be the first of many from the Bank of England that can allow new competitive lenders like Aldermore into the market to challenge the status quo and provide confidence and stability to British SMEs".

 

**Ends**

 

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