The Stroke Association moves full banking relationship to Barclays Corporate
In a rare move for the charity sector, The Stroke Association has moved all of its operational banking activities to Barclays Corporate after the bank’s specialist charities team were able to help the organisation almost double its earnings on balances.
Barclays Corporate offered The Stroke Association a solution which allowed it to offset interest on its current account against transactional charges. It also streamlined more than 180 accounts to just 18, increasing efficiencies across the charity.
David McHattie, Head of Charities at Barclays Corporate, said: “The current environment is bearing down heavily on the sector, but there are simple things charities can do to create efficiencies to transform their businesses. We work hard with our clients to help them achieve such solutions, and the dramatic benefits realised with The Stroke Association illustrate the results of such a collaborative approach. We look forward to continuing to support The Stroke Association and the industry.”
Roy Quiddington of The Stroke Association said: “What surprised us most was the dedication, commitment and proactivity the charity team from Barclays Corporate brought. From the start they listened, understood our key frustrations and looked to deliver their services accordingly. Barclays Corporate has supported us considerably along the way. This has been an exciting change for The Stroke Association and we look forward to a lasting relationship as we look to grow our organisation.”
About Barclays Corporate
With a clear focus on quality relationships, Barclays Corporate provides integrated banking solutions to businesses with an annual turnover of more than £5 million in the UK and large local companies, financial institutions and multinationals in non-UK markets. We facilitate the success and growth of our clients by providing lending, risk management, cash and liquidity management, trade finance and asset and sales financing. Additionally, our clients benefit from the breadth of the Barclays Group, through access to the investment banking services of Barclays Capital including debt and equity capital markets, the private wealth management expertise of Barclays Wealth, and the card and payment services of Barclaycard. Barclays Corporate employs over 10,000 people globally. For more information please visit www.barclayscorporate.com.
Barclays is a major global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management with an extensive international presence in Europe, the Americas, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs 147,500 people. Barclays moves, lends, invests and protects money for customers and clients worldwide. For further information about Barclays, please visit our website www.barclays.com.
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