Summary
THE major clearing banks have not enjoyed the best of press coverage in recent months with a wide range of complaints from long- standing customers. However, Jimmy McLean, the head of agriculture with the Royal Bank of Scotland, yesterday surprised the farming media at his end-of-year briefing at the RBS headquarters in Edinburgh.
McLean said RBS had actually increased its lending to agriculture during the past 12 months and farmers were still regarded as a sound risk. But he did concede that these were volatile times, even though farming and fishing were the only sectors of the economy that had not slipped into recession.See the full content of this document
Extract
We Still See Farmers As Sound Risk - Rbs
McLean said: "Despite the fact that output in agriculture has bucked the recent economic trend, farming has also seen its share of uncertainty - driven in part by proposed po...
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