BIDVEST BANK
Bidvest Bank Predicts
Growth In Commercial
Property Lending
B
idvest Bank is planning to significantly step up its activities in the commercial property
market in the coming months and sees potential for sustained lending growth in the
sector in the second half of the year and going forward.
Confidence in property industry prospects is backed by growing demand, says Byron
Corcoran, who heads asset-based lending to clients in both the commercial property
industry and the medical sector.
“We’re particularly excited about prospects in the commercial property field,” Corcoran adds.
“We have had exposure to this market for some time. We see steadily rising demand for
funding across the commercial property industry in general while our own offering has
made strong gains.
“We are confident even greater focus on the asset-based finance market in the months
ahead will deliver even stronger growth.”
Bidvest Bank previously engaged in asset-backed lending via its fleet finance and vehicle
leasing division. However, growth in asset-based finance has been so strong that this
specialisation now justifies separate divisional status.
Corcoran explains: “We’ve enjoyed exceptional growth. In six years our asset-based finance
volumes have increased 100-fold.
“A key contributor to that growth has been the commercial property sector. Over that period,
the industry has gone through some challenging times, though this is not reflected in our
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Commercial Handbook 2013
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