All articles by Verdict Staff
Verdict Staff
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.
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.
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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.
Arbuthnot backs new motor finance provider
A new player has entered the non-prime point-of-sale motor finance market Moneyway is already operational, and started lending to dealers on February 3 – even though the decision to set up a motor finance company focusing on non-prime and near-prime customers was only made in November, said CEO Gary Jennison.
HSH Nordbank to scrap container leasing
Shipping bank HSH Nordbank (HSH) will wind down its container leasing operation, as part of a reduction in business that may see 1,100 jobs lost and the banking groups asset base of 115 billion cut in half.