Black Horse has reported 18% net lending growth since 31 December 2014 and 33% year-on-year to £8 billion driven by strong levels of new business.
The company added 155,000 new customers across its motor, bike and leisure business during the first half of 2015. It has also continued to invest heavily in its digital offering including the development of Black Horse Signit, the businesses’ new online motor finance system, which will speed up the sales process for dealers in a simple, secure and efficient manner.
Managing director, Black Horse, Richard Jones said: “We are very proud of these results, delivered during a period of substantial change for the market. Our progress has been driven by new business growth and working hard with dealers and manufacturers to offer competitively-priced and transparent finance offers for consumers. A significant digital investment drive also ensures that we meet changing dealer and customers’ needs in an efficient and secure manner.
“The last 18 months have also seen substantial changes in the way point-of-sale finance is regulated and we have worked hard to put the right processes in place and ensure our dealers have the appropriate information and guidance to implement these changes. We will not be complacent in our ambition to be the leading motor finance provider of choice, offering value-for-money products and services that enable UK motor, bike and leisure dealers to provide a great overall proposition to customers.”