OakNorth: The Agile Bank Getting Money To Small Businesses In The Coronavirus Crisis

  • “The first step OakNorth Bank took when the Coronavirus began to appear in the U.K. was to review its entire loan book and run reverse stress tests to determine which of the businesses in its portfolio were the most vulnerable.
  • Instead of making assumptions about entire sectors, it assessed the risk of each individual business based on their unique circumstances.
  • LEON’s Feed Britain project is a great example of this. The healthy fast-food chain and an OakNorth client, converted dozens of its restaurants into mini-supermarkets selling products from its supply chain such as eggs and flour directly to customers.”

https://www.google.com/amp/s/www.forbes.com/sites/lawrencewintermeyer/2020/04/12/oaknorth-the-agile-bank-getting-money-to-small-businesses-in-the-coronavirus-crisis/amp/

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