All articles by Verdict Staff
Verdict Staff
Uncertainty over future of HBOS leasing arms
Uncertainty over future of HBOS leasing arms Structured asset finance has long been the preserve of HBOS, but as it prepares for its integration within Lloyds TSB there is uncertainty over whether this is still the case. This follows the banks decision earlier this year to fold its small ticket leasing arm, with customers with turnovers of up to £1 million (1.28 million), into its corporate division in a move that will result in job losses and a potential drop in business
Slovakia sees 12.4% increase for Q3
Powered by strong gains in machinery, LCV and IT leasing, the Slovak leasing market has seen a solid 12 months up to Q4
HSBC finances 5 HGVs for T&T
HSBC Equipment Finance has arranged a series of 4 year hire purchase agreements worth 273,000 (gross value 320,000), for the acquisition of five HGV units by Tonbridge based T&T express deliveries (T&T)
NetSol launches electricity lease product
NetSol Technologies has launched a new software technology to manage green power purchase agreements (PPA), which are used to purchase the power generated by a clean energy system without the need for companies to actually buy and install the system.
Five Arrows profits up 30%
Five Arrows Leasing Group saw profits total £10 million (10.8 million) in the year to March 2008, an increase of 30 percent, according to latest figures.
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Latvian vehicle leasing to pick up, says SEB Leasing
The Latvian vehicle leasing market will pick up once the economic situation has evened out, the head of SEB Lizings in Latvia believes.
RBS offers £3 billion to UK SMEs
RBS will release a special £3 billion funding package to UK SMEs throughout 2009, with asset finance arm Lombard to play a major part in the distribution The move, announced on February 5, follows up on the banks January promise to increase UK lending by £6 billion, and will involve the creation of 12 regional funds worth £250 million.
Russian government boosts investment in agriculture
The Russian government has signed a ruling to increase the share capital of state-owned Russian Agricultural Bank (RAB) and Rosagroleasing to help them cope with the global financial crisis.
Specialist Islamic finance partners relocate to Dubai
International legal practice Norton Rose has announced that three of its Islamic finance specialist partners will be moving to join its Middle East offices in March 2009.