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bought out the company, seeing huge potential. Prudential remained a major shareholder for the next thirty years and
Guthrie, an entrepreneur knighted in 1936, transformed the business through acquisition and organic growth. After the Second World War, and nationalisation of the railways, the company
187:
The North
Central Wagon Co was set up in Rotherham, West Riding of Yorkshire, in 1861. A group of astute investors see the business possibilities in leasing wagons to local railway companies, collieries and quarries. A black diamond representing a lump of coal was adopted as the company's symbol. By
274:
In 1995, Lombard North
Central changed its corporate identity, and adopted the simple title of Lombard. Lombard Direct was launched as a telephone loans service for personal customers. Lombard Corporate Finance was also created, developing new leasing products for sectors such as films, aviation,
265:
In consumer finance, finance is provided for consumer durables at over 20,000 retail outlets. The 1980s also brought an increase in
Lombard's motor finance, working from 123 offices across the United Kingdom. Links were built with major motor manufacturers and dealers. These relationships were
306:
Lombard launched
Lombard Direct as a personal finance brand in 1995, initially as a telephone loans service. Lombard Direct provided loans within the limit of £800 to £15,000, and became known for their advertising featuring an animated anthropomorphic talking blue telephone (voiced by
257:
During the 1970s, Lombard's 'big ticket' leasing for such items as aircraft, ships and petrochemical works grew. In 1979, Lombard North
Central was licensed as a deposit taking institution under the new Banking Act. In the 1980s, asset based financing for business grew dramatically. A
242:
Lombank Canada was formed as a subsidiary of
Lombard Banking in 1955. In 1975, it became Lombard NatWest Canada and the following year the share capital passed from Lombard North Central to National Westminster Bank and it was renamed
342:. Lombard are title sponsors of the PGA and WPGA Lombard Trophy, a Pro-Am Golf Tournament. Regional finals take place across the United Kingdom, with the grand final taking place in Portugal. Lombard were also title sponsors of the
282:
worth over £395 million. The business now specialised in distinct market segments, Lombard in asset finance for businesses, Lombard Direct in direct personal finance, and
Lombard Banking Services in banking for overseas clients.
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At this time, the company head office was now located at 3 Princess Way in
Redhill, Surrey, just adjacent to the Warwick Quadrant. Lombard was one of the town's biggest employers and remained so for a number of years.
297:
Lombard Manx
Leasing Limited (trading as Lombard Gibraltar), Lombard Manx Limited (Isle of Man) and Lombard Finance (CI) Limited (Jersey and Guernsey) are wholly-owned subsidiaries of Lombard North Central.
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activities and become one of the largest finance houses in the United Kingdom. In 1971, Lombard Banking and North Central Finance were merged to form Lombard North Central.
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department began to specialise in tailoring and negotiating facilities for major companies, pioneering combined leasing of industrial buildings, plant and machinery.
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294:(RBS) and two of RBS' subsidiaries, RoyScot Trust and Royal Bank Leasing, were merged into Lombard. RBS Group was renamed NatWest Group in 2020.
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1900, nearly 25,000 railway wagons were on hire. After the First World War, the company began to move into financing road transport.
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Lombard Banking was taken over by National Westminster Bank in 1970. From its origins in 1946, Lombard Banking had developed
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During the beginning of the 1950s, the North Central Wagon and Finance Co diversified by partnering with merchant bankers
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At the end of 1998, Lombard secured its biggest deal to date, winning a bid to finance the purchase of 78 trains for
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311:). In August 2009, Lombard Direct discontinued writing new personal loans, and closed to new business.
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254:(Malta) was established in 1969 and divested in stages to the Maltese government from 1975 to 1988.
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Lombard Banking had also been active in Malta since 1955, accepting deposits through agents.
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reflected in the company's sponsorship of the annual Lombard RAC Rally from 1978 to 1992.
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Lombard have sponsored various sporting events and athletes, including rowing champions
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174:. The company started life hiring out rolling stock to the railways in 1861.
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bought out the company. After the merger of National Provincial Bank and
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By 1958, banks began to acquire links with hire purchase companies, and
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391:"After Three Centuries, Royal Bank of Scotland Becomes NatWest"
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in 1968, North Central Finance became a subsidiary of the new
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In February 2000, National Westminster Bank was acquired by
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364:"RBS to change name to NatWest and shrink investment bank"
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More than a third of lenders have halted personal loans
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moved more into financing cars and consumer durables.
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985:Financial services companies of the United Kingdom
166:. It is one of the largest finance houses in the
980:Financial services companies established in 1861
672:Lloyds & National Provincial Foreign Bank
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216:National Westminster Bank becomes new owner
183:Foundation as railway wagon leasing company
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275:maritime, technology and private finance.
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995:1861 establishments in the United Kingdom
170:and part of the ring-fenced business of
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192:Prudential Assurance buys the company
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766:National Commercial Bank of Scotland
687:National Westminster Bank of Canada
389:Spezzati, Stefania (22 July 2020).
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434:PGA National Pro-Am Championship
77:, West Riding of Yorkshire 1861
667:International Westminster Bank
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692:National Westminster Bank USA
657:Fuller, Banbury, Nix & Co
198:Prudential Assurance Company
771:Commercial Bank of Scotland
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793:Williams & Glyn's Bank
292:The Royal Bank of Scotland
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907:NatWest Staff Association
776:National Bank of Scotland
647:Deutsche Westminster Bank
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230:National Westminster Bank
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37:Lombard North Central plc
761:Citizens Financial Group
682:National Provincial Bank
222:National Provincial Bank
162:company specialising in
29:Lombard (disambiguation)
884:Richard Haythornthwaite
697:NatWest Equity Partners
546:Holt's Military Banking
340:Summer Olympics of 2000
810:Williams Deacon's Bank
783:Tesco Personal Finance
536:Royal Bank of Scotland
798:Glyn, Mills & Co.
614:Lombard North Central
152:Lombard North Central
957:www.natwestgroup.com
920:Annual group revenue
637:Banco NatWest España
420:15 July 2011 at the
329:1996 Summer Olympics
27:For other uses, see
843:Churchill Insurance
803:A Ruffer & Sons
346:from 1974 to 1992.
164:asset based lending
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877:Board of directors
591:Investment banking
370:. 14 February 2020
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200:and the financier
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892:(Chief Executive)
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833:Direct Line Group
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553:RBS International
280:Virgin Rail Group
260:Corporate Finance
210:Seligman Brothers
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16:(Redirected from
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922:: £14.7 billion
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712:Westminster Bank
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582:Messrs. Drummond
558:Isle of Man Bank
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890:Paul Thwaite
828:Angel Trains
754:Retail banks
707:Smith's Bank
677:Lombard Bank
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457:Banks portal
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398:. Retrieved
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372:. Retrieved
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252:Lombard Bank
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89:Headquarters
51:Company type
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900:Trade union
838:Direct Line
702:Parr's Bank
541:Ulster Bank
400:28 December
374:28 December
315:Sponsorship
974:Categories
886:(Chairman)
860:Jamjarcars
848:Green Flag
350:References
309:Enn Reitel
55:Subsidiary
932:Employees
853:Privilege
395:bloomberg
196:In 1928,
108:Insurance
75:Rotherham
934:: 61,500
717:Worldpay
418:Archived
344:Rally GB
139:.lombard
100:Products
61:Industry
951:Website
944::
630:NatWest
333:Atlanta
270:Rebrand
178:History
160:finance
158:, is a
156:Lombard
132:Website
112:Leasing
93:Crawley
79: (
71:Founded
928:(2023)
337:Sydney
821:Other
122:Owner
116:Loans
402:2020
376:2020
323:and
81:1861
946:NWG
942:LSE
925:GBP
726:RBS
424:QCK
331:in
247:.
143:.uk
141:.co
137:www
976::
953::
940::
642:Bó
393:.
366:.
232:.
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502:e
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83:)
31:.
20:)
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