BELFAST-based Northridge has announced another year of strong lending growth achieving gross new asset finance lending of £1.3bn, up 26% on 2018 while net lending volumes increased by £0.4 billion
Its Marshall Leasing subsidiary had an excellent year reaching almost 9,000 funded fleet vehicles and its entry into the intermediary market is generating strong orders.
Northridge is a subsidiary of Bank of Ireland during 2019 it also signed an exclusive agreement with SsangYong Motors UK to provide motor finance products to customers across the brand’s dealer network in the UK.
Through new and long-term relationships, Northridge has been able to fund a broader range of deals, helping businesses and individuals access finance, while strengthening its position as the consistent alternative to the market leaders in motor finance.
James McGee, Managing Director, Northridge Finance said: “2019 was a fantastic year for the business. Yet again, we have seen excellent growth in a challenging market. Last year, we exceeded the £1billion lending milestone, a first for Northridge, so we are pleased with this continued upward trajectory.”
Looking forward to 2020, the business will continue to work closely with our partners to ensure we drive the best customer outcomes at Motor point of Sale.
