In the post-Brexit vote uncertainty plaguing the UK, it is no surprise that mid-market bank lenders are being more cautious.
Recent research from Alix Partners Corporate Finance reveals that the volume of lending by banks to mid-market borrowers in the UK was down 3% last year, following a 7% slump in 2016 immediately after the vote.
But the trend is not uniform. While market leaders HSBC and RBS have seen substantial falls in lending activity (down 12% and 30% respectively), Lloyds and Santander are making gains.
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