Wesleyan Bank has achieved record results in its loan book for broker written business in the first quarter of 2021, surpassing the whole first year of trading when the specialist commercial lender’s broker division was established in 2019.
For January, February and March 2021, Wesleyan Bank’s broker division has supported SMEs with over £27m of asset lending across a broad range of sectors. These include transport and green energy, including funding the first electric ambulance in the UK.
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Yvonne Wiseman (pictured above), head of indirect sales at Wesleyan Bank, said: “Our Q1 performance is reward for the rapid progress and effort we have made over the past year. These record results have been achieved without compromising our service excellence and credit policy, which remains flexible to support the specific needs of our broker partners and their customers.”
Wesleyan Bank has welcomed five new faces to its Broker team in 2021, with broker support managers Jodie Rutherford and Dan Austin (pictured below) becoming the most recent hires following the arrivals of Henry Crame, Sue Dixon, and Trevor Bridgman. In total, the team has delivered over 100 presentations to its broker partners this year and submitted in excess of 800 proposals to its credit underwriters.
Wiseman said: “Our broker partners have been instrumental in our success and we have worked closely with them to ensure we are brilliant to do business with. Their constructive feedback helps us to continue to hone our proposition in conjunction with our sales, operations and back-office teams, who are working extremely hard to deliver for our clients.
“Our recent hires have further strengthened our relationships with our existing brokers and become natural extensions of their teams. Their industry experience and commitment to providing an outstanding service have enabled all five to hit the ground running,” she added.
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By GlobalDataWesleyan Bank was established in 1993 and is a wholly-owned subsidiary of Wesleyan Assurance Society.
