September 2009 – Lombard Marine Finance has reported a significant increase in demand for funding at this year's Southampton Boat Show. Final results have shown a 32% increase in the value of applications received overall.
Ian Braham, Head of Lombard Marine Finance said:
"We are very
pleased with the results achieved at the Show. There has clearly been an improvement
in customer confidence which has resulted in us exceeding last year's value of finance
applications by 32%. This is a positive sign for the industry and we look forward to
equally impressive results at the Tullett Prebon London International Boat Show in
January 2010."
"The Southampton Boat Show has always been a great event for us and this has been another successful and enjoyable week. The results of the show are very encouraging and it's great to note that more and more people are coming to Lombard for their marine finance. With our half year results showing business volumes up 6% compared to the same period last year, 2009 looks like being a record breaking year."
For more information on marine finance please visit www.lombard.co.uk/marine.
---Ends---
For further information please contact
Claire Meeghan
Media Manager
Tel: +44 (0)20 7672 1916
Email: claire.meeghan@rbs.co.uk
Notes to Editors
Lombard is the asset finance arm of The RBS Group is one of the world's leading financial services companies providing a range of retail and corporate banking, financial markets, consumer finance, insurance, and wealth management services. RBS Group operates in over 50 countries across Europe, the Americas, Asia and the Middle East serving more than 40 million customers and employing more than 170,000 people. The Group's brands include RBS and NatWest, Ulster Bank, Coutts, Citizens and many other "household name" financial services companies.
