Hampshire Trust Bank’s asset finance division has completed over 4,000 deals since it began operating two years ago.
While there has been a significant increase in new and used light commercial vehicles and car transactions following the introduction of the new 16 plate in March, the Asset Finance team, which operates via a UK-wide network of independent introducers, has also seen an uplift in medical, office and computer equipment business.
Chris Welch, managing director of Asset Finance at Hampshire Trust Bank, said: “This is a significant milestone for Hampshire Trust Bank and puts us in a strong position for future growth. While we anticipated an uplift in activity following the introduction of the new registration plate, it’s encouraging that the growth is ahead of plan and has been achieved across a number of asset classes.
“The success of the asset finance team is testament to the strong, long-term relationships we have with our intermediaries and the focus the team has in offering swift and efficient proposal and completion turnarounds.”