Farming customers of Clydesdale and Yorkshire Bank could claim thousands of pounds in a High Court case against the bank.
All Square Finance, a claims management and litigation company, is urging farmers who had taken out tailored business loans (TBL) and fixed rate loans to come forward ahead of the first hearing in December.
The company said its analysis showed customers in the farming sector were among those particularly affected.
All Square said the largest eligible businesses were estimated to be owed millions of pounds, though average claim sizes were anticipated to be in the hundreds of thousands.
The case is being pursued in London’s High Court in partnership with specialist litigation firm RGL Management and Michelmores.
The group action alleges that Clydesdale Bank and the National Australia Bank behaved fraudulently and dishonestly in the sale of TBLs and fixed rate loans.