The Royal Bank of Scotland (RBS) has confirmed it will be providing Olympics hospitality, but declined to comment on whether budgets have been reduced following its recent cancellation of client entertainment at events, including Wimbledon.
It has now been confirmed that hospitality will take place at the event. The news comes after an RBS spokesperson told C&IT that its Olympics hospitality was under review following a much-publicised IT failure which left customers without service.
A statement said: "The Olympics will put our country in the shop window of the world. Like all British companies, we have been asked to support this historic event and are happy to do so. The Olympics has provided us with opportunities for us and our customers to do business together to the benefit of the wider economy."
RBS declined to comment further on the specifics of its hospitality offering, or whether entertainment budgets have changed.