NatWest strikes deals to pass on unwanted business


UK bank to refer companies that do not meet its criteria

“…The state-backed lender, which is part of Royal Bank of Scotland, is joining forces with Iwoca, which offers working capital to small businesses, and Together, a property-secured lender, as a way to refer business and commercial customers that do not meet NatWest’s appetite for risk…
…NatWest said Iwoca, Together and the other lenders had been selected to cover different types of funding, from peer-to-peer loans to speciality finance. The state-backed bank said other alternative providers would join the panel in the coming months.”

Original Source: https://www.ft.com/content/cd171592-9e88-11e6-891e-abe238dee8e2