leaseback contract with Korea’s Shinhan Bank worth some $50 million
(€37 million), to cover the bank’s IT assets.
technology to support the bank’s business plan and to manage the
disposal of old assets in an environmentally responsible
manner.
According to the lessor, the sale and leaseback was also
designed to help the bank improve return on investment, enhance
business efficiency and further expand its operations.
“In these difficult economic times, far-sighted enterprises that
intelligently invest in their IT infrastructures will be
well-positioned when the economic turnaround arrives,” said Tony
O’Connor, vice president and managing director at HP Financial
Services.
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Sale and leasebacks have become more popular in recent months,
as companies seek ways to raise capital.
A detailed analysis of the current sale and leaseback market
can be found in the current issue of Leasing Life.
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