All articles by Verdict Staff
Verdict Staff
Hansa Liising stays on top as Estonian leasing market grows 15 per cent
Hansa Liising Eesti AS, the leasing arm of Hansabank group captured a 46.3 per cent share of Estonias leasing market, according to latest data by the Estonian Leasing Association (ELA) Reporting on data released by the ELA, the Baltic Business News wire said new sales by leasing companies in Estonia grew 15 per cent year-on-year to 22.74bn kroons (1.45b) in 2007.
One World sells portfolio to Investec
The internal restructuring of One World Leasing which began in August has culminated in the sale of its lease portfolio by this small-ticket lessor to Investec Asset Finance Plc, a member of the South African financial services group, Investec
AerVenture leases six Airbus A320 to Portugese flag carrier
AerCap) announced January 8, that AerVenture Ltd, a joint venture company owned by AerCap, LoadAir and Al Fawares, will lease six new Airbus A320-200 aircraft to Portugese national airline, Transportes Areos Portugueses (TAP) over a period of eight years.
GE Commercial Finance
Hugh Fitzpatrick, previously the portfolio director for the mid market and corporate teams within GE Commercial Finance has been promoted to chief operating officer
The many faces of Bar Cap
The many faces of Bar Cap For some time Barclays Capital, the investment arm of the UK bank, has been the rich cousin of Barclays Asset & Sales Finance a business the latter would turn to when deals got structured and complex.This was highlighted by Ian Stuart, the recently installed head of BA&SF, in an interview with Leasing Life, during which he said that he expected far more liaising between the two businesses to occur
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
FSA starts watch on money laundering controls at lessors
FSA starts watch on money laundering controls at lessors Having escaped scrutiny for 13 years, finance leasing companies will now have their anti-money laundering controls monitored by the Financial Services Authority under the Money Laundering Regulations (MLR) 2007
1pm reports losses but expects future pick-up
1pm reports losses but expects future pick-up Turmoil in the credit market is permeating far and wide, even into the niche SME lending sector Specialist SME lessor, 1pm, posted an annual loss of £330,907 for the first quarter of 2007 and exited the sub-prime loans market in which it had been active since 1998 to concentrate on funding small-ticket leasing deals The Bath-based firm floated on AIM in August 2006, but in February the company realised it needed extra borrowing to meet demand, and forecasted lower revenues and profits for 2007
Peter Hunt analyses FLA Statistics for the year to August 31 2007
Excluding big ticket transactions, business finance has seen nine consecutive months of annual growth
Mercedes-Benz CharterWay appoints new general manager
Mercedes-Benz CharterWay appoints new general manager Mercedes-Benz CharterWay, the international commercial vehicle, financial services and contract hire arm of DaimlerChrysler, has appointed Rael Winetroube as new general manager of its contract hire division
Bibby increase broker business post restructure
Bibby increase broker business post restructure Bibby Leasing has increased tenfold the size of deals it receives from brokers. The move follows the merger of Bibby Leasing and Rickmanworth-based Bibby Asset Finance into the one division headed by Carol Roberts, the former head of Leeds Leasing, which Bibby Financial Services acquired in October 2005