All articles by Verdict Staff
Verdict Staff
German firm to lease routers
Deutsche Telekom is to start financing DSL routers and modems during the second quarter of this year through finance leases, a spokesperson for the company has confirmed.
Lombard Ireland seeks D&M redress
Lombard Ireland is owed a significant sum by collapsed Irish construction firm D&M Utilities & Civil Engineering, which went into liquidation after a creditors meeting at the start of March.
Volumes still strong – but for how long?
Resale of plant from the construction and industrial sectors is entering a whole new phase, as economic contraction in the UK means that auction houses are flooded with used assets, and question marks have been raised over foreign demand.
Caution needed for Japanese lessors
How safe are the European asset finance arms of Japanese banks and financial organisations? Last month, Mitsubishi UFJ Financial Group, part of the Mitsubishi Group, raised a further 97.4 billion ($745 million) to improve its capital base as the value of its shareholdings eroded. This follows its regulatory filing in February that it would issue retails bonds totalling 350 billion.
Signs of life bring relief for CV lessors
Three of the UKs main players Manheim Auctions, British Car Auctions (BCA) and Commercial Vehicle Auctions (CVA) have said that despite a challenging 2008, the first months of 2009 have shown a resurgence in prices and sales volumes, confirmed by the number of buyers attending their latest sales.
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Back to basics
Fred Crawley talks to Alexander Schidecker, CEO of Austrian lessor BAWAFG PSK Leasing, about returning from the Eastern front, and what the future holds for Austria’s leasing industry.
Licence Links automates crucial CV licence checks
CFC Solutions has launched Licence Link to enable commercial vehicle fleets to automatically check employee driving licences and manage resulting driver risk online.
Hungarian market still clinging to growth at the end of third-quarter 2008
Statistics released by the Hungarian Leasing Association have shown the countrys leasing economy heading towards modest growth compared to 2007s year end statistics. The leasing arm of Intesa Sanpaolo subsidiary CIB Bank showed growth relative to competitors, while real estate leasing showed continued market share increase
Romania’s BCR Leasing up 20%
The leasing unit of Banca Comerciala Romana (BCR), Romanias largest commercial bank, expects to meet forecasts and have financed goods worth up to 480 million by the end of 2008, up from 400 million in 2007.
Market statistics analysis
Don’t believe all the bad news. Despite negative GDP growth for Q3 2008, September saw a bounce in FLA new business volumes following a disappointing August, with business finance (excluding big ticket) up 31 percent on August and 7 percent on September last year.