The Royal Bank of Scotland has agreed to a move that will see £1.7bn being allocated to mortgage lending in Scotland.
Chief executive, Paul Geddes of consumer banking at RBS Group, said:
"Our message to customers in Scotland is very clear, we are now more
than ever open for mortgage business.
"We hope the latest commitment goes some way to refuelling the
Scottish economy and provides borrowers with the financial means to get
back on track and realise their plans for the future."
Jim Murphy, Scottish Secretary said "When the UK Government moved decisively to underpin our banks it
was to save the lifeline services they provide for individuals and
businesses and to allow us to keep moving economically.
"Today's news shows we were right to do so and highlights the positive effects which are emerging as a result."
Scottish finance secretary John Swinney added "When the UK Government moved decisively to underpin our banks it
was to save the lifeline services they provide for individuals and
businesses and to allow us to keep moving economically.
"Today's news shows we were right to do so and highlights the positive effects which are emerging as a result."