FSA reports surge in finance complaints
For the first time ever, the Financial Services Authority (FSA) has published figures showing the number of complaints made to firms in the financial services industry in the 2006-2008 period.The data has revealed an enormous increase in complaints about banking and loan products, revealing a 122% increase – from 608,620 at the beginning of the [...]
Publ.Date : Thu, 03 Sep 2009 16:57:52 +0000

Triodos increases UK lending
Ethical bank Triodos increased its lending in the UK by nearly one third in the first half of this year.Current lending by the bank rose to £223 million, with a further £82 million in loan commitments that have yet to be drawn down.This £305 million total represents an overall lending increase of 29% compared to [...]
Publ.Date : Mon, 05 Oct 2009 11:47:48 +0000

Microfinance loans to help needy in Bahrain
A new microfinance bank in Bahrain is set to help thousands of needy families.The Family Bank, a joint initiative between Bahrain’s Social Development Ministry and the Grameen Bank, will offer loans of between 150 and 7,000 Bahrain Dinars (between £250 and £11,500).“The idea is to make needy and creative Bahraini families self dependent by helping [...]
Publ.Date : Fri, 15 Jan 2010 10:41:06 +0000

Triodos to raise €90m for ethical lending
Triodos Bank has announced plans to issue €90 million of new shares.Money raised from the shares will be used to provide loans to sustainable projects.Set up in 1980, Netherlands-based Triodos provides loans to environmentally-friendly projects such as wind farms and organic agriculture.Since the credit crunch, the company has seen an upsurge in interest in its [...]
Publ.Date : Fri, 02 Oct 2009 12:22:50 +0000

Triodos increases UK lending
Ethical bank Triodos increased its lending in the UK by nearly one third in the first half of this year.Current lending by the bank rose to £223 million, with a further £82 million in loan commitments that have yet to be drawn down.This £305 million total represents an overall lending increase of 29% compared to [...]
Publ.Date : Mon, 05 Oct 2009 11:47:48 +0000

Triodos to raise €90m for ethical lending
Triodos Bank has announced plans to issue €90 million of new shares.Money raised from the shares will be used to provide loans to sustainable projects.Set up in 1980, Netherlands-based Triodos provides loans to environmentally-friendly projects such as wind farms and organic agriculture.Since the credit crunch, the company has seen an upsurge in interest in its [...]
Publ.Date : Fri, 02 Oct 2009 12:22:50 +0000

Triodos increases UK lending
Ethical bank Triodos increased its lending in the UK by nearly one third in the first half of this year.Current lending by the bank rose to £223 million, with a further £82 million in loan commitments that have yet to be drawn down.This £305 million total represents an overall lending increase of 29% compared to [...]
Publ.Date : Mon, 05 Oct 2009 11:47:48 +0000

Triodos increases UK lending
Ethical bank Triodos increased its lending in the UK by nearly one third in the first half of this year.Current lending by the bank rose to £223 million, with a further £82 million in loan commitments that have yet to be drawn down.This £305 million total represents an overall lending increase of 29% compared to [...]
Publ.Date : Mon, 05 Oct 2009 11:47:48 +0000

Nationwide introduces low personal loan rates
Those wishing to consolidate their dates after the expensive Christmas period may be interested to learn about the Nationwide’s new loan deals, which were launched earlier this week.Nationwide has introduced a new personal loan rate of 7.6% APR typical for loans of between £7,500 and £14,999 for up to five years for its main FlexAccount [...]
Publ.Date : Thu, 07 Jan 2010 17:30:52 +0000

Are lenders loosening their purse strings?
Interest rates on personal loans are finally starting to fall.The average interest rate on the top ten loan deals has fallen to 8.35%, the lowest level since the Bank of England reduced the base rate to 0.5% last March.When the Bank of England first lowered the base rate, mortgage and current account providers followed suit, [...]
Publ.Date : Fri, 22 Jan 2010 09:14:18 +0000

Triodos increases UK lending
Ethical bank Triodos increased its lending in the UK by nearly one third in the first half of this year.Current lending by the bank rose to £223 million, with a further £82 million in loan commitments that have yet to be drawn down.This £305 million total represents an overall lending increase of 29% compared to [...]
Publ.Date : Mon, 05 Oct 2009 11:47:48 +0000

Microfinance loans to help needy in Bahrain
A new microfinance bank in Bahrain is set to help thousands of needy families.The Family Bank, a joint initiative between Bahrain’s Social Development Ministry and the Grameen Bank, will offer loans of between 150 and 7,000 Bahrain Dinars (between £250 and £11,500).“The idea is to make needy and creative Bahraini families self dependent by helping [...]
Publ.Date : Fri, 15 Jan 2010 10:41:06 +0000

Triodos increases UK lending
Ethical bank Triodos increased its lending in the UK by nearly one third in the first half of this year.Current lending by the bank rose to £223 million, with a further £82 million in loan commitments that have yet to be drawn down.This £305 million total represents an overall lending increase of 29% compared to [...]
Publ.Date : Mon, 05 Oct 2009 11:47:48 +0000

Triodos to raise €90m for ethical lending
Triodos Bank has announced plans to issue €90 million of new shares.Money raised from the shares will be used to provide loans to sustainable projects.Set up in 1980, Netherlands-based Triodos provides loans to environmentally-friendly projects such as wind farms and organic agriculture.Since the credit crunch, the company has seen an upsurge in interest in its [...]
Publ.Date : Fri, 02 Oct 2009 12:22:50 +0000

Rates soaring on personal loans
Consumers taking out a personal loan are “paying through the nose” due to soaring interest rates.Banks are now charging an average APR of 10.32% on personal loans even though the Bank of England’s base rate has been held at a record low of 0.5%.This compares to an average personal loan APR of 8.71% in 2004.“Despite [...]
Publ.Date : Tue, 25 Aug 2009 16:46:22 +0000

Savings down as consumers opt to repay debt
Figures from the Building Societies Association (BSA) have revealed that consumers are opting to repay debt rather than save amid the historically low interest rate environment.According to the BSA, savings balances held by building societies fell by £-929 million in October compared to an increase of £545 million a year ago, when interest rates stood [...]
Publ.Date : Mon, 30 Nov 2009 10:47:56 +0000

Car loans rise following launch of ‘cash for bangers’ scheme
Research from Sainsbury’s Finance has found that since the launch of the Government’s scrappage scheme in May, an estimated £61.2 million of personal loans per month have been taken out to purchase cars, compared with a monthly average of £44.7 million in 2009, prior to the scheme.The scheme, which pays consumers £2,000 to get [...]
Publ.Date : Wed, 28 Oct 2009 08:49:32 +0000

Nationwide introduces low personal loan rates
Those wishing to consolidate their dates after the expensive Christmas period may be interested to learn about the Nationwide’s new loan deals, which were launched earlier this week.Nationwide has introduced a new personal loan rate of 7.6% APR typical for loans of between £7,500 and £14,999 for up to five years for its main FlexAccount [...]
Publ.Date : Thu, 07 Jan 2010 17:30:52 +0000