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Allica surpasses £500m milestone in asset finance lending
Allica Bank, a business bank targeting UK SMEs with 10 to 250 employees, has lent over £500 million in asset …
Dawn Tuck joins Close Brothers Asset Finance’s Manufacturing team
Close Brothers Asset Finance’s Manufacturing team has appointed Dawn Tuck as Regional Sales Manager for the North West. Dawn Tuck brings with her significant …
Time Finance expands invoice finance team with new hire
Time Finance has bolstered its invoice finance team with the appointment of Dan Murphy as the new business development manager. Murphy, …
Leasepath bolsters leadership team with appointments in client relations and product management
Leasepath, a technology provider for the asset finance sector, has announced the appointment of Stefany Rojas as Executive Director and …
Three years of NZBA: greenwashing or world changing?
On April 21, 2021, six months before the crucial Glasgow climate summit, 43 founding signatory banks launched the Net-Zero Banking Alliance (NZBA), …
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Groupe BPCE to see moderate boost in diversification from SGEF acquisition: Fitch
Fitch Ratings recently commented on Societe Generale's (SG) sale of its equipment leasing arm, SG Equipment Finance (SGEF), noting its …
Resilient automotive sector defies Israel’s leasing downturn trend
Israel's leasing market, facing a downturn amidst economic challenges, fighting in Gaza and regional instability, has seen its automotive sector …
CHG-MERIDIAN’s lease originations rise 9.9% to €2.45bn in 2023
CHG-MERIDIAN, a technology management and financing company, has reported that its lease originations reached €2.45bn in 2023, up 9.9% compared …
European retail bank cost-income ratio drops in 2023, profit per customer rises
The Kearney Retail Banking Radar 2024 report reveals that the cost-income ratio drops to from 60% to 53% in 2023 …
Allica Bank swings to pre-tax profit of £16.09m in 2023
Allica Bank has swung to a profit before tax of £16.09m in 2023 from a loss of £1.58m in 2022, …
SME growth predictions hit lowest point since January 2021: Novuna
Only three in 10 small business owners (30%) predict any form of growth in the next three months – the …
Cameron appointed MD of Close Brothers’ new Broker Solutions division
Close Brothers Asset Finance and Leasing has announced that Richard Cameron has been appointed Managing Director of the newly formed Broker Solutions division, which …
UK SMEs at risk of closure without more accessible finance option: survey
A recent survey by Novuna Business Cash Flow has highlighted a dire need for more accessible financing options for small …
Solid growth in UK SME activity recorded in Q1: NatWest Index
Business activity among UK small and medium-sized enterprises (SMEs) has shown robust expansion throughout the first quarter of the year, …
CFIT to develop open finance prototypes
The UK Centre for Finance, Innovation, and Technology (CFIT) is set to develop two operational prototypes of open finance applications …