All articles by Verdict Staff
Verdict Staff
On the move
Fischer joins Invigors from CIT, where he was regional sales manager for Germany, as well as responsible for Dell Financial Services public sector vendor finance programmes in the EMEA region Before CIT he was managing director of GE Capital Solutions German subsidiary.
TransLinc in major van deal
North East Derbyshire District Council has received 72 new Citron light commercial vehicles through local authority fleet specialist TransLinc.The vehicles have been provided on a five-year, maintenance-inclusive contract hire agreement The new fleet includes four Citron Relay heavy vans, 16 Dispatch vans, 46 Berlingo vans and six Nemo vans
NACFB calls for dialogue
The National Association of Commercial Finance Brokers (NACFB) has announced further discussion events following the success of two round table meetings held in Manchester in February, and London at the end of March.
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
?200m tender in Turin
The new building, which will be almost 200 metres tall, will cost around 200 million to build and cover around 70,000 square metres, will be used by local authorities and be able to hold 2,600 people.The lessor which wins the tender will finance construction of the property based on the lessees specifications, and only once the property is ready will the lessee begin payment
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SME Eurofinance: one to watch
As SME Eurofinance looks forward to celebrating its 21st birthday later this year, the broker-turned-funder appears to be weathering the recession bullishly with an eye towards presenting a tidy package for acquisition when larger appetites finally return to the UK leasing market. While the company wrote £2.2 million (2.5 million) of its own business in the entirety of 2008, it has already fattened its portfolio with £1.5 million of business in 2009s first four months.
The ones to watch
In the present environment, predicting insolvencies is a big challenge facing lessors.Credit reference agencies are currently selling services that identify significant decreases in customer creditworthiness, enabling lessors to flag customers at potential risk by tracking a decline in creditworthiness over time.
Lombard secures record deal
Lombard has provided funds for a new recording studio to be built at the School of Sound Recording in Manchester (SSR) Over £500,000 (560,000) in investment will go to build the high-tech recording studio in Ardwick Lombard’s Nick Harding and Jackie Grundy arranged the funding package
Strong growth from Siemens
Siemens Financial Services reported a strong second quarter in the three months to the end of March, seeing pre-tax income rise 16 percent to 117 million According to the lessor, the quarter included higher interest income and higher results from internal services businesses, although this was partially offset by an increase in reserves for the commercial finance business
ING Lease launches anti-fraud system
ING Lease UK has implemented an automated fraud detection system to help intercept fraudulent applicants The system, provided by Human Inference, uses a knowledge base of language rules to interpret personal data and achieves industry leading matching against sanction lists and credit watch lists