Motor finance provider Black Horse delivered a strong performance in 2016, reporting year-on-year net lending growth of 20% to £10.9 billion.
Part of Lloyds Banking Group, it increased new lending by 19% to £5.1bn overall. It says it continues to benefit from working in close partnerships with bike and car dealers. It also added 339,000 new customers across its motor, bike and leisure business during the year.
Black Horse has continued to invest in its digital offering, including the launch of a new website which is fully responsive to mobile and tablet devices, and launching its Mobile Finance Calculator, which allows dealers to provide more accurate indicative customer pricing early on in the vehicle purchasing process.
Black Horse MD Richard Jones said: “We saw our strongest ever financial performance in 2016, driven by new business growth and meeting increased demand for new and used cars, bikes and motorhomes.
“We strengthened our already successful manufacturer partnerships and continue to work closely with our dealer community. We help support our dealers’ businesses at the same time as helping customers access their vehicle of choice. We are consistently looking for further ways to improve the customer experience and to respond to the opportunities that digital technology provides and 2017 will see more developments in this area.”