Credit Agricole posts 35% profit decline in 2020, but leasing & factoring ‘prove resilient’
Credit Agricole Group, a parent to a French bank and provider of leasing and factoring, recorded a net profit of…
Societe Generale posts 7.6% profit decline in 2020, but SGEF and ALD hold strong
Societe Generale - the parent to the European leasing companies SGEF and ALD - demonstrated a “significant improvement” in its financial performance during the second half of 2020, against a net profit…
12 Feb 2021
BNP Paribas posts 13.5% profit fall amid strong showing for Arval
France's biggest bank by assets (and European lessor parent) BNP Paribas posted a net profit fall of -13.5% for full-year 2020 (to €7.07bn) versus 2019, yet its motor finance saw its fleet…
05 Feb 2021
‘European bank mergers and NPL sales on the rise in 2021’
Investors expect European banking sector consolidation and an acceleration of non-performing loan (NPL) sales in 2021, Fitch Ratings says. In a poll of the audience (mostly investors) at Fitch's Credit…
01 Feb 2021
Close Brothers had a strong second-half 2020, but day of reckoning awaits all SME lenders
Close Brothers Group delivered strong second-half performance last year across its three divisions, but the bank's outlook for 2021 will very much depend on how Government manages the scaling back…
25 Jan 2021
Quotevine looks back at 2020 and unveils plans for 2021
Throughout 2020 Quotevine - a provider of software and services for the UK asset finance sector - unveiled a series of launches and collaborations to help SMEs manage their affairs during…
18 Dec 2020
Cost-benefit analysis urged for IFRS 16 leasing rules
Leaseurope, the European trade federation representing the leasing sector, has called on the International Accounting Standards Board (IASB) to carefully balance the costs to SMEs of bringing leased assets onto…
03 Dec 2020