All articles by Verdict Staff
Verdict Staff
Editor’s Letter
2009: A year of two halves In all, 2009 was an extremely unpredictable and difficult time for European leasing In January last year, just about the only forward-looking advice that could be offered was for lessors to keep their heads down and wait to see what happened in the months to come.
fraud – basement talk
Dear readers, welcome to Basement Talk, Leasing Lifes monthly diary page, filled with the latest gossip and insight on the less visible aspects of the asset finance industry
And the winners are…
After a day spent discussing strategies for the years to come, representatives of more than 70 finance houses, law firms, trade bodies and service providers gathered in Berlins Concorde Hotel to celebrate the leasing industrys achievements in 2009.
One in two Italian firms to request payment holiday scheme
Following the launch of a moratorium on loans and leases for SMEs with good credit history earlier this year, Italian employers federation Confindustria has conducted a survey amongst 2,000 small and medium-sized enterprises to find out how many of its members were likely to request the payment deferral. Almost 35 percent of respondents (mostly SMEs with less than 50 employees) said they have already requested the payment holiday, while 13 percent are likely to do so in the near future.
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PCFG: “we can look forward to 2010 with confidence”
Private & Commercial Finance Group (PCFG) made a pre-tax profit of £121,474 (135,600) in the six months ended September 30 2009, the Aim-listed SME lessor announced in its latest results.
BES Leasing’s Portuguese parent invests in Algerian lessor
Portuguese bank Banco Espirito Santo has teamed up with the Bank of Algeria and Swicorp, an investment fund, to set up a leasing company in Algeria. The leasing company, IJAR Leasing Algrie, will be initially capitalised with DZD3.5 billion (33 million), of which Banco Espirito Santo, the parent of Portuguese lessor BES Leasing, will contribute 35 percent; the Bank of Algeria, 59 percent; and Swicorp, 6 percent.
German Supplement: What German lessors plan to do in 2010
Deutsche Leasing…Volkswagen Financial Services AG…IKB Leasing…VR Leasing Group…
German Supplement: CHP Consulting to open Frankfurt office
UK software vendor CHP Consulting will open its first European mainland office in Frankfurt in early 2010 a move that closely follows the launch of ALFA v5, the latest version of its flagship product. But what are the reasons behind this “German move” during these turbulent times and what will be the major challenges for CHP there?
Fraikin to supply City Link with 236 new trailers
Fraikin has won a major three-year contract hire agreement with express parcels carrier City Link.