Media playback is unsupported on your device

HSBC announces £6bn fund for business lending

15 April 2014 Last updated at 11:53 BST

HSBC is to set up a £6 billion fund for lending to small and medium sized businesses around the UK.

The investment comes after a backdrop of claims that banks were not lending enough to small firms.

Head of Business Banking at HSBC Amanda Murphy said 2014 would be a "turning point" for lending.

She told BBC Radio 5 live's Wake Up to Money: "It's probably the best time for many years for businesses to invest and grow and we want to play our part in that."

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.