Bartercard PLC
Bartercard PLC: Strategic Alliance
Corporate-news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Strategic Alliance
Bartercard’s wholly owned subsidiary, Bartercard Real Estate Limited (BCRE)
has entered into a Strategic Alliance with Natwest Bank in the UK, part of
the Royal Bank of Scotland Group (RBS). The arrangement allows BCRE to
introduce Bartercard members to the RBS suite of financial services to
businesses and be paid an introduction fee, including provision of Mortgage
finance for the purchase of property.
Steve Arundale, Director of Commercial Banking for RBS says
‘The Royal Bank Of Scotland Group is happy to consider the funding
requirements of all Bartercard members. We are the second largest banking
group in Europe and the sixth largest globally. Our focus is firmly
centered on our customers and we have 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
growing subsidiaries and will increase the benefits for our clients and
speed up settlements for buyers and sellers for Real Estate. The bank’s
products and service philosophy are perfectly aligned with ours and our
thousands of business clients.’
3 May 2006
Contact:
Bartercard plc
Wayne Sharpe, Executive Chairman 07909 975488
(c)DGAP 03.05.2006
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language: English
emitter: Bartercard Plc.
18 – 20 Kew Road
Richmond, Surrey, TW9 2NA Großbritannien
phone: +44-(0)870 920 1000
fax:
email: info@uk.bartercard.com
WWW: www.bartercard.com
ISIN: GB0033432856
WKN: 121557
indexes:
stockmarkets: Freiverkehr in Berlin-Bremen; Open Market in Frankfurt
End of News DGAP News-Service
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