All articles by Verdict Staff
Verdict Staff
HBOS small ticket leasing arm face job cuts amidst restucturing
HBOS small ticket leasing arm face job cuts amidst restucturing Staff at the small ticket asset finance arm of HBOS face losing their jobs amidst a restructuring agenda – announced exclusively to Leasing Life today – that will see this division folded into the banks general commercial team
DiRENT Romania announces record results for 2008
DiRENT Romania announces record results for 2008 DiRENT Romania, one of the countrys only operational leasing companies has announced an estimated turnover of 5m for 2008, almost double on 2007, due to an expected greater number of bigger clients
SFS says leasing could unlock European businesses’ capital
SFS says leasing could unlock European businesses’ capital Global business finance solutions provider, Siemens Financial Services, has revealed new research on how leasing, as an alternative source of financing, can help untie working capital and liquid assets that are frozen in private sector businesses.
De Lage Landen inks vendor deal with Lohr Group
De Lage Landen BV and Lohr Group have signed a deal to establish Lohr Finance, a new private label finance program in Europe
1pm secures additional funding facility
In the past three months, total banking facilities available to 1pm have increased by £1.65m raising total funding facilities available to over £3.5m
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Euro Leasing gets positive ratings outlook
Euro Leasing, a Ukrainian transport lessor, received a renewed bond rating of a stable uaBBB- by ratings agency Credit Rating The rating was made on the B series bonds on the amount of UAH 100m (13.6m) and represents Euro Leasings emphasis on financial stability, risk systems control and effective management Roman Ivanenko, general director of Euro Leasing Ltd. said: The opened issue of the companys bonds is confirmed by the presence of resources for subsequent growth and strengthening of the positions at the market of financial services, represents the strategic aims of company.
KBC’s CEER unit to double profit by 2010
The Central and Eastern European (CEE) region will double its profit contribution to the KBC Group within three years with the Russian operations bringing in close to 100m to this earnings growth by 2010, CEO Andre Bergen will tell investors in a presentation today
HSBC chooses SunGard
HSBC Equipment Finance has appointed SunGard to provide all of its end-to-end solutions for leasing and asset finance
RLI announces record results for 2007
Raiffeisen Leasing International posted record results for 2007, with an increase in new business by 54 per cent on 2006 to 3bn, which was the highest of all western leasing companies active in the CEE region
IBM Global Financing teams up with Belgium technology company
IBM Global Financing and Belgium based technology company, Barco, have teamed up to provide a new lease product intended to boost projector sales to small and medium size rental and staging companies.