All articles by Verdict Staff
Verdict Staff
Top 10 newswire stories of the past month
Shire Leasing instructs DLA Piper to defend itself GE Capital announces senior leadership team
More opportunities available
According to figures from FIDER, the Turkish leasing association, the number of new contracts signed by leasing companies in Turkey decreased from 51,519 contracts in 2007 to 19,878 in 2008, a fall of over 60 percent. Overall leasing penetration in the country was 7 percent, a slight fall from the previous years 7.7 percent The total value of the equipment being leased also fell to $5.3 billion (4.1 billion), down from $8.2 billion the previous year, a 35 percent decline.
Deutsche Leasing: one to watch
Deutsche Leasings (DL) UK operation is holding fast, due to a healthy banking parent, strong international business connections and a strict commitment to vendor partnerships. The lessor, which issues full financial reports in September, said that new business volume at the end of H109 was 15 percent up on last year, whereas margins were up by a significant 10 percent. Julian Hobbs, managing director for DL in the UK and Ireland, said that the stability was substantially due to the companys vendor arrangements, which between them account for 90 percent of DLs UK business.
The Entrepreneur
Not in the opinion of Dr Axel Sauerland, director of consultancy at IBM Global Business Services leasing competency centre in Germany, who told Leasing Life last month that such goods, formerly consigned to the consumer credit market, have become absolutely leasable.
Under construction
Leasing Life, in collaboration with Tallon & Associates, publishes a monthly analysis of data on the demand for used assets This month, we look at the changes in demand for the construction sector. General demand reducing due to decline within the construction sector and initial site preparation.
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New Avaya product covers distributors’ costs upfront
Avaya Financial Services (AFS) has launched a new product to boost channel partners credit lines and cash flow. The product, Advanced Funding Programme (AFP), is designed to encourage channel partners to sell Avaya equipment, while helping them to maintain cash flow and credit lines. Through the programme, AFS will pay all of Avayas accredited distributors upfront costs for the equipment, and will pay channel partners 50 percent of the installation costs prior to installation
In brief
ING Lease UK, the British division of Dutch leasing company ING Lease, has implemented CHP Consultings software solution for credit decisioning and introduced new analytic features ING Lease UKs CEO Chris Stamper said that the tool, a business rules engine extension to the CHP ALFA lease platform, will support service proposition around fast, accurate credit decisions and allow the company to react quickly and confidently to the changing market conditions
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.
Lessors keeping clear of Central and Eastern Europe
The picture was slightly different last year when Conlink Leasing and Volvo Financial Services entered Hungary, while in Russia, according to Nikita Mashkov, an analyst from Ros Leasing, one of the countrys leasing associations, there was a flurry of new entrants targeting a range of new business.