All articles by Verdict Staff

LeasePlan reports consistent growth

The Dutch-based company, which operates in the vehicle management sector of thirty countries globally after it opened a new branch in Mexico, has achieved a total of 1,362,000 cars under its management, an increase of 47,000 units since 31 December 2007

Société Générale creates Croatian leasing organ

Socit Gnrale has embarked on leasing operations in Croatia with the formation of SG Leasing d.o.o, a joint venture between SG Equipment Finance and Splitska Banka. SG Leasing d.o.o will offer leasing services to businesses ranging from SMEs to large corporates, and aims to boost Splitskas local presence with the international experience of SG Equipment Finance.

Profits at Banca Italease reach ?30m

Italian leasing company Banca Italease has announced net profits of almost 30 million for H1, compared to a loss of 475 million for the same period last year

Rolling stock procurement under spotlight as EU agrees to Luxembourg Rail Protocol

The European Union is expected to sign up to the Luxembourg Rail Protocol as early as 2009, heralding a boost for asset-based rail industry financings in the region

Sanjay Kumar moves on up at CIT

CIT Group, the global commercial finance company, has announced the appointment of Sanjay Kumar as managing director and head of capital markets for CIT Vendor Finance

Volvo reduces capacity to offset financial uncertainty

Volvo will downsize its commercial vehicle manufacturing capacity in several regions, to reflect decreasing demand for trucks and other large road vehicles in the European market The company said that negative market development, accentuated by financial uncertainty and credit restrictions caused by recent turmoil in financial markets, had prompted the decision.

On the move

Arval selects SunTec billing system

UK van registrations drop 22.1 percent

LeasePlan obtains government guarantee

LeasePlan obtains government guarantee LeasePlan has become the first company to be granted a guarantee from the Dutch government under its new bank rescue package.