Sentence examples for targets for lending from inspiring English sources
The banks are set to miss targets for lending to small businesses agreed as part of the Project Merlin package with government earlier this year.
Osborne said last night that bank chief executives would be forced to take cuts in pay if they missed the targets for lending to SMEs.
The Treasury earlier this year struck up the Project Merlin agreement with the UK's biggest lenders, which saw them pledge to hit targets for lending to SMEs in 2011.
LONDON – Britain's biggest banks fell short of the 2011 targets for lending to smaller businesses that they had agreed upon with the government, according to figures released on Monday by the Bank of England.
By most accounts Mr Hester, wooed by the government to bring RBS back to health, has been doing a pretty good job though there is justified criticism that the bank has failed to meet its targets for lending to small and medium-sized businesses.
They now have massive debts and are unable to restructure their liabilities in such a way that they can become attractive targets for lending.
Four of the biggest banks fell £1bn short of the Government's Project Merlin target for lending to smaller companies last month.
The Labour leader told the Observer that the public would not regard it as "fair or right" for the head of a company whose share price had halved in the past year and which had missed its target for lending to small businesses to cash in when so many hard-working people were struggling to make ends meet.
Barclays stressed that it had exceeded its own target of £11bn for lending - an offer it made to the government when it decided not to participate in the asset protection scheme, which is insuring the most troublesome assets of Lloyds Banking Group and Royal Bank of Scotland.
"Project Merlin" set Britain's biggest banks targets for their lending to small and medium-sized enterprises; Commerzbank, a bailed-out German bank, is committed to concentrating its lending on Germany and Poland.
Mr. Krause said he had given each banking division targets for reducing lending.
