At the 4th annual Motor Finance Conference held in Berlin on April 26th, MotoNovo Finance was recognised as leading bank owned independent finance provider in front of an audience of motor finance professionals from across Europe.
Based in Cardiff and operating for over 40 years, MotoNovo Finance is part of WesBank, South Africa’s largest financer of cars.
Collecting the award for MotoNovo Finance’s Head of Motor - Commercial Finance, Luke Curtis, was delighted to receive the award.
He said, “This represents an impressive achievement for our business, against the backdrop of pan-European financers attending the event. I believe this latest recognition reflects our continuing effort right across the business to keep driving forward for our dealers and their customers and to keep pushing our innovation and change agenda, which is so important in today’s ever-changing motor retailing and financing market. I’m very proud of our team and the many people and partners with whom we work and the spirit of collaboration that has made this success possible.”
In recognising MotoNovo Finance, the judges were looking for the bank-owned independent lender best able to demonstrate a proven track record of working well with intermediaries and success in improving business volumes; specifically, they were looking for the lender that stood out from the competition. They looked at development of the business, in terms of new financial products and growth in volumes, and demonstrable relationship success with intermediaries, such as supporting dealer activity or helping with regulatory changes.
WesBank is itself part of FirstRand Bank Limited, who made a successful takeover bid for Aldermore at the end of last year. We therefore understand that Motonovo is set to be integrated into Aldermore, although official confirmation and details have yet to be announced.
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