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Foreign news: UK digital bank Atom secures Tier 2 capital

The UK digital-only bank Atom is set to ramp up its small business lending after securing a £30 million Tier 2 capital facility from the state-backed British Business Bank, reports Finextra. The facility, made through British Business Bank Investments Ltd (the commercial arm of the government-owned British Business Bank), is designed to help Atom meet capital requirements to secure lending, enabling it to lend out more money to SMEs.

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