LONDON, July 20 (Reuters) - HSBC said on Wednesdayit will match interest rates offered by any other UK lender onfixed-rate small business loans and business overdrafts up to25,000 pounds ($32,920.00), in a bid to boost confidence amongsmall business borrowers.
The offer will be available until the end of October andwill cover rates offered by any UK competitor includingso-called "challenger" banks and online lenders.
Europe's largest bank said it had also reduced its minimumarrangement and renewal fees for business overdrafts from 100pounds to 25 pounds.($1 = 0.7594 pounds) (Reporting By Lawrence White, editing by Sinead Cruise)
HSBC Holdings (HSBA)