BRTR Bartercard

RNS Number:2400C
Bartercard plc
02 May 2006

Bartercard plc



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."



                                                                      2 May 2006



Enquiries:


College Hill                                          020 7457 2020
Richard Pearson/ Roddy Watt






                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

MSCAKFKPOBKDNQB

Bartercard (LSE:BRTR)
Historical Stock Chart
From Jan 2025 to Feb 2025

Bartercard (LSE:BRTR)
Historical Stock Chart
From Feb 2024 to Feb 2025