We support economic growth and job creation by operating a profitable business helping individuals, businesses, institutions and governments to pursue their goals.
The supply of credit and other financial services is critical to economic recovery and growth. We support our customers and clients to manage their own money, invest in a new home and grow businesses.
We're developing partnerships, community investment programmes and specific banking services to improve access to financial services.
We give corporate clients strategic advice to help them manage risk and grow their existing businesses. We help governments raise capital and support institutional clients to invest in economic growth.
We believe that the best way that we can support our stakeholders is by operating a strong, profitable and growing business, which creates jobs and contributes to the economic success of the communities in which we live and work.
We are committed to increasing lending to businesses. In 2011, we exceeded our commitments under the UK Government’s Project Merlin scheme by 13%, providing £14.7bn to SMEs. We raised over US$1 trillion in funding for institutions, including US$388bn for governments and public sector entities. In a difficult year for the Eurozone, we were the leading manager of bonds for the European Financial Stability Mechanism. We also help individuals to manage their money, and last year supported 10,000 people in buying their first home.