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Corporate receivership advice customers 'considering switching banks'

Date Added: 19/01/2011  

Organisations including corporate receivership advice customers are thinking about changing which bank they operate with, according to the results of new research.

A poll of small businesses by Yorkshire Bank found that more than a third of respondents are thinking about changing their bank within the next two to three years.

As many as a quarter indicated that they could do so in the next 12 months, with more than one in five claiming it is only the "hassle" of switching banks which is delaying their decision.

Colin Fyfe, divisional director for Clydesdale and Yorkshire Banks' iFS business and private banking division, stated that firms including corporate receivership advice customers are loyal to their banks.

He said: "We believe that many businesses will use next year as an opportunity to look at whether their current bank truly fits their needs and future growth potential."

This comes shortly after the release of new research by PricewaterhouseCoopers, which indicated that more construction firms could be set to become corporate receivership advice customers.

Posted by Michael Beam 

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