2nd May 2006 07:01
Bartercard plc02 May 2006 Bartercard plc Strategic Alliance Bartercard's wholly owned subsidiary, Bartercard Real Estate Limited (BCRE) hasentered into a Strategic Alliance with Natwest Bank in the UK, part of the RoyalBank of Scotland Group (RBS). The arrangement allows BCRE to introduceBartercard members to the RBS suite of financial services to businesses and bepaid an introduction fee, including provision of Mortgage finance for thepurchase of property. Steve Arundale, Director of Commercial Banking for RBS says "The Royal Bank Of Scotland Group is happy to consider the funding requirementsof all Bartercard members. We are the second largest banking group in Europe andthe sixth largest globally. Our focus is firmly centered on our customers and wehave a range of funding products aimed at meeting our customers' needs." Wayne Sharpe , Executive Chairman says "This is an exciting development in what has become one of our fastest growingsubsidiaries and will increase the benefits for our clients and speed upsettlements for buyers and sellers for Real Estate. The bank's products andservice philosophy are perfectly aligned with ours and our thousands of businessclients." 2 May 2006 Enquiries: College Hill 020 7457 2020Richard Pearson/ Roddy Watt This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
RBS.L