Belfast Telegraph

Car finance firm earns top award in Europe

By Staff Reporter

Belfast asset finance business NIIB has picked up a top European wide industry gong.

The firm - which employs around 120 people - saw its Joint Venture product named Best Finance Product at the Motor Finance Europe Awards in Munich.

Joint Venture was first set up almost 20 years ago and sees the lender share increased profits with car dealers in return for sharing risk on the loan.

Picking up the award, James McGee, managing director of NIIB, said it was a "testament to the determination of our team to bring something really unique to the market".

"It's a product which was conceived here in Northern Ireland - so it is particularly satisfying to see it now being recognised on a European stage," he said.

"To bring back this award to Belfast is great - but we have high hopes of more to come as car dealers hear more about what we are doing."

NIIB was established in 1956, and was acquired by Bank of Ireland in 1984.

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