29 November 1996

Lloyds TSB returns to lease and hire tackle

LLOYDS Bank TSB has relaunched its agricultural finance division, providing lease and hire purchase facilities for machinery, vehicles and office equipment for periods of up to seven years.

Despite the presence of some major operators, director John Whitewood said that a two-year pilot scheme had revealed enough opportunities within the £6bn lending market to justify a national launch.

Growing the business, he said, would depend initially on referrals from other sectors of the bank.n