Banks: Finance

(asked on 21st March 2016) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 5 February 2016 to Question 24869, whether the (a) Royal Bank of Scotland, (b) Bradford and Bingley and c) Northern Rock banks have received any public funding since they were taken into public ownership.


Answered by
Harriett Baldwin Portrait
Harriett Baldwin
This question was answered on 24th March 2016

In 2008 and 2009 HM Treasury made a number of interventions to support institutions including Royal Bank of Scotland (RBS), Bradford & Bingley and Northern Rock.

Full details of the funds used and outstanding balances can be found at the Office of Budget Responsibility’s (OBR) website and at UK Financial Investments’ (UKFI) website:-

http://budgetresponsibility.org.uk/

http://www.ukfi.co.uk/

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