Santander Corporate
Banking and Zenith Provecta, the fleet management specialist, have
jointly launched a fleet funding and management solution for the UK
market.
Under the terms of the
agreement, Santander will provide the funding of the fleet
(including contract hire, contract purchase, and sale and
leaseback), whilst Zenith Provecta will provide all other aspects
of a “fully integrated fleet solution”.
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The agreement is aimed at
Santander’s corporate customers and will target both car and light
commercial vehicle fleets.
Santander’s director of
asset finance Mike Oxby said: “The fleet market is currently
undergoing significant upheaval due to some of the larger leasing
companies rationalising their operations and capital constraint
issues for smaller independent companies; therefore I believe the
timing of our new dual branded proposition could not be
better.”
Earlier this year, Oxby
told Leasing Life he plans to
triple the size of his business in three years – a target
linked to Santander’s own ambition of gaining a 10 percent market
share of global corporate banking within the same timeframe.
Antonio
Fabrizio
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