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Clydesdale Bank to lend £50m to brokers

Money down drain

Head of insurance Paul Hambrook says bank is on course to lend that amount in its curent financial year.

Clydesdale Bank is on course to lend around £50m to broker businesses by the end of its current financial year according to the lender's head of insurance, Insurance Age can reveal.

Paul Hambrook said the bank is always looking to invest in businesses that have growth and acquisition plans, a good management team and a strong track record.

In an exclusive interview, which can be read in Insurance Age's July magazine, he shares his thoughts on the market and what the future holds for the bank.

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