By John Smith • 10 December 2020 • 16:52
NatWest Bank Gibraltar.
THANKS to the fact that the UK Government has agreed to underwrite any Gibraltar Government borrowing up to a total of £500 million, it has now been announced that a facility for that amount has been made available by NatWest Bank.
The actual sum will be split equally between NatWest in the UK and NatWest International Gibraltar and the Government will be drawing down £150 million to repay a loan of that amount made by the Gibraltar International Bank.
It is estimated that dealing with Covid-19 has so far cost Gibraltar in excess of £125 million with Brexit still to be tackled.
Thank you for taking the time to read this news article “Gibraltar secures access to £500 million facility from NatWest Bank”.
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Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica.
Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene.
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