All articles by Verdict Staff
Verdict Staff
Amstel renamed ABN Amro Lease
The Amstel Lease brand is to disappear from the market to be replaced by ABN Amro Lease as the lessor takes its parent banks name.
Tallon data: Machine tools
Leasing Life, in collaboration with Tallon & Associates, publishes a monthly analysis of data on the demand for used assets
Asset finance on banks’ agendas
The FLA has welcomed a move to point businesses toward alternative forms of finance by the Business Finance Taskforce, made up of six UK banks. The push on asset finance and other alternative financing was one of 17 recommendations made by the group, made up of Barclays, HSBC, Lloyds TSB, Royal Bank of Scotland, Santander and Standard Charter. Julian Rose, head of asset finance at the FLA, said: “Of the 17 actions, the one with greatest relevance to asset finance is that the banks will do more to signpost alternative sources of finance
Letters to the Editor
Comments from Leasing Life, the journal for asset finance, LinkedIn group Customers and vendors are not satisfied with their leasing partners and are looking to switch
Construction lacks lenders
Funders continue to fight shy of construction after sharp falls in financing volumes across the sector in 2009 and 2010.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Leasing leaders discuss future
Cost of capital and a detachment from customers are among a string of challenges to face post-crisis leasing voiced by industry leaders at Leaseuropes annual get together. The heads of four of Europes largest leasing companies also pointed to the death of finance leases and an unhealthy focus on volume over profit, as potential threats for the future.
Debate: Is integration with general banking good for leasing?
It is the bank looking for a more cost efficient operation
Sangwin joins BNP Paribas
Keith Sangwin has joined BNP Paribas Leasing Solutions, taking a position as head of dealer accounts for its equipment and logistics solutions division. The division incorporates the recently rebranded groups materials handling, commercial vehicle, agricultural and construction asset leasing operations, including the Albury Asset Rentals and Humberclyde brands. Sangwin has been in the leasing industry for more than 30 years, and has held several senior positions within the asset finance function at Barclays, most recently as sales director of the banks asset and sales finance division.
Peter Hunt analyses market statistics for the year to May 31 2008
Peter Hunt analyses market statistics for the year to May 31 2008Highlights:After a period of resilient growth, the FLA business finance market looked rather precarious in May, potentially at a tipping point. Such are the vagaries of monthly reporting that time may tell a different story, but with monthly volumes (excluding big ticket) 19 per cent down on the month and 13 per cent year-onyear, for the first time this year YTD figures showed a drop from last year. Big ticket volumes were down 67 per cent on the month, though still marginally up on last year and well up YTD.Direct, broker and sales finance all showed monthly and year-on-year declines. Sales finance, down 19 per cent YTD, appears most impacted, having shown year-on-year monthly declines throughout 2008. All finance product categories were also lower than last month and May last year.
Ex Barclays director takes the helm at Lombard
Ex Barclays director takes the helm at Lombard Paul Lynam has stepped down as head of asset finance at Lombard after three years in the post. He has been replaced by Alex Baldock,who has joined from Barclays Commercial Bank, where he was commercial director.Lynam, who has been appointed chief executive of the UK Business banking Division of RBS, recently centralised most of Lombards sales staff. He managed to maintain Lombard as Europes biggest lessor despite challenges from the likes of UniCredit Leasing.