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Black Horse absorbs Bank of Scotland Dealer Finance

Lloyds-owned Black Hose Motor Finance has closed point-of-sale dealer finance operations of Bank of Scotland Dealer Finance (previously known as Capital Bank), which it acquired when it bought parent company HBOS at the end of 2008.

Black Horse will become the group's sole brand for point-of-sale dealer finance for the motor sector and all the dealers that previously used Bank of Scotland will now be offered to switch to use Black Horse instead.

This change will result in the loss of 910 full-time jobs which affects 985 full and part time colleagues over a two-year period.

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