RBS asset finance subsidiary Lombard has
signed a £1.6m (€1.9m) deal with storage and distribution company
Grocontinental, as part of which it will finance the interior
fittings of a specialist cold storage chamber and lease out a fleet
of 20 commercial vehicles.

Whitchurch-based Grocontinental received the
finance along with a £2.5m loan package from NatWest, providing
another example of RBS Group’s highly integrated asset finance and
bank lending strategy.

The new Lombard-funded chamber will join
several other facilities at Grocontinental’s 25-acre site, and will
store substances such as cheese for customers including Heinz,
Muller, Dairygold and Cadbury, as well as the Irish Dairy
Board.