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Former ABFA chief executive joins Encompass 28 April, 2016
Encompass has appointed former chief executive officer of the Asset Based Finance Association (ABFA), Kate Sharp, as an industry advisor.
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Grenke Group profit up 22% in Q1 2016
Thursday, April 28, 2016 Grenke Group has reported net profit of €22.5m in the first quarter of 2016, up 22.4% year-on-year.
Taylor leaves ALD Automotive UK for Essential Fleet Services
Wednesday, April 27, 2016 Greg Taylor has resigned as operations director at ALD Automotive UK to take up a commercial director role at Essential Fleet Services.
Wesleyan Bank finds 78% of SMEs too risk averse for external finance
Tuesday, April 26, 2016 Wesleyan Bank, the funder behind the acquisition of IT lessor Syscap, has found that small business owners are hindered by a fear of credit and only 4% of its survey used asset finance.
EIB and BNP Paribas Leasing Solutions agree €400m SME & midcap deal
Tuesday, April 26, 2016 The European Investment Bank (EIB) and BNP Paribas Leasing Solutions have signed a partnership agreement on a pan-European €400m (£309.9m) funding deal for SMEs and midcaps.
ELFA: US new business volume falls 11% in March
Monday, April 25, 2016 US new business volume was down 11% year-on-year in March at $8.1bn (€7.2bn), according to the monthly index of the US Equipment Leasing and Finance Association (ELFA).
Q1 profit down 25% at Cat Financial
Monday, April 25, 2016 Cat Financial, the finance company of Caterpillar, reported profit of $100m (€89m) in the first quarter of 2016, 25% lower than the same period in 2015.
Daimler Financial Services new business up 4% in Q1
Friday, April 22, 2016 Daimler Financial Services has reported a 4% year-on-year increase in new business to €13.7bn (£10.8bn) in Q1 2016.
LDF launches digital asset finance platform 'lendinghive'
Thursday, April 21, 2016 Cheshire-headquartered UK funder LDF has launched an online asset finance site targeting instant responses for leasing and hire purchase.
Lombard Technology Services reorganises sales team
Thursday, April 21, 2016 Lombard Technology Services (LTS) has introduced a number of sales roles to its team in the UK.
Secure Trust Bank provides ABL facility for investment firm’s acquisition
Wednesday, April 20, 2016 Investment firm SKG Capital has acquired electronic component manufacturer, South Wessex Electronics Limited, with the support of an asset-based lending facility from Secure Trust Bank Commercial Finance.

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