National Giro—A Better Deal in Business Banking

Abstract

Alfred Singer, Managing Director of National Giro, the Post Office's money transfer and banking service, explains how this new public sector bank has confounded many of its critics and established itself as a viable financial institution in only seven years. An important factor contributing to the upturn in Giro's fortunes has been its success in capturing the business of commercial organisations and public authorities, areas in which Giro cash collection services have made particularly spectacular growth. Mr. Singer explains what Giro offers corporate customers—and looks forward to providing a fuller range of commercial and personal account facilities now that many of the handicaps preventing the service from competing effectively with other banks are being removed.

Citation

Singer, A. (1975), "National Giro—A Better Deal in Business Banking", Managerial Finance, Vol. 1 No. 2, pp. 114-127. https://doi.org/10.1108/eb013350