Bibby Line Group’s financial arm for small and medium-sized enterprises, Bibby Financial Services (BFS), has announced plans to launch a European marine finance business next year.
BFS said the move will allow the company to expand its financing offers for SMEs, financing ships and vessels ranging from £1m to £10m ($1.1m to $11.3m) in value, including coastal ships, tugs and barges, wind-farm servicing and commuter vessels.
Jonathan Andrew (pictured), CEO of Bibby Financial Services, said: “A key pillar of our BFS 4.0 strategy is expanding our support for SMEs around the world.
