Steel entrepreneur Sanjeev Gupta plans to launch a “post-Brexit bank” that will help the industrial sector expand into developing economies as Britain leaves the EU. Mr Gupta’s GFG Alliance group has agreed to buy the UK arm of Nigeria’s Diamond Bank, which will be renamed British Commonwealth Trade Bank (BCTB).
The new business - which will apply for a UK deposit-taking licence - will focus on providing finance to industrial supply chain businesses as they take up the Government’s challenge to build trade with new markets following Brexit.
Thank you for taking the time to answer my question. I was beginning to think that no one understood my point.
The press only seem interested in playing it down and being very pessimistic about the UK going forward. It's about time we held our heads high and got on with the task in hand.