Lex Autolease, the fleet arm of Lloyds Bank, increased its fleet to over 353,000 vehicles, a year-on-year rise of 36,000 vehicles. Total customer assets grew 18 per cent to £4.5bn. 

Tim Porter, managing director of Lex Autolease, said: “Our primary objective continues to be delivering market leading service and satisfaction for our all customers.

“Whether this is through total fleet solutions for large and complex organisations, increasing support and innovation for start-ups and SMEs, or meeting the needs of consumers wishing to finance their vehicle through personal contract hire (PCH), Lex Autolease remains focussed on keeping our customers on the road and supporting Lloyds Banking Group’s aim of helping Britain prosper.”

The company credited its growth on ongoing investment in developing its propositions and service offering to corporate customers, and a high penetration with both SMEs and consumer markets.