The bank has partnerships with a select group of brokers. Credit: Korawat photo shoot / Shutterstock.

United Trust Bank (UTB) Asset Finance has announced plans to expand its operations in Scotland.

The company aims to strengthen support for brokers by appointing a business development manager in the region.

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This move is part of the bank’s strategy to tap into the significant growth opportunities in Scotland.

The bank has partnerships with a select group of brokers, primarily catering to small and medium-sized enterprises (SMEs) in the Scottish borders and the North of England.

UTB’s initiative to establish a local presence in Scotland is expected to foster new relationships with brokers and support SMEs across various sectors.

UTB asset finance head Nathan Mollett said: “Scotland’s diverse economy presents a significant opportunity for UTB, with well-established industries such as agriculture, construction, and logistics forming the backbone of the market.  

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“These capital-intensive sectors, combined with a strong SME presence, create substantial demand for asset finance solutions to support growth and development.

“By establishing a local presence with ‘boots on the ground’ possessing a deep understanding of the Scottish economy, we aim to build close relationships with brokers in the area and provide flexible asset finance solutions supported by commercial underwriting expertise and direct access to decision-makers.”

UTB partners with individuals and intermediaries to provide expert lending solutions.

The Bank is a member of UK Finance, a Patron of the National Association of Commercial Finance Brokers (NACFB), a Member of the Finance & Leasing Association (FLA), and the Intermediary Mortgage Lenders Association (IMLA), among others.