All articles by Verdict Staff
Verdict Staff
Machine of the state
In this three-page report, we profile five Russian leasing companies that are making headway in a unique marketplace With the full backing of the state, its not surprising JSC Rosagroleasing is the largest leasing company in Russia
Close AF sued over alleged faulty equipment
Also, in a recent ruling just published, heard at an early stage of the substantive trial of Lobster Group v Heidelberg Graphic Equipment and Close Asset Finance, the High Court in London rejected an application by Close Asset Finance for security of costs
Grenkeleasing reports 3% rise in 1Q profit
GrenkeLeasing AG reported an increase of 3 per cent in consolidated earnings after tax to 7.9m in the first quarter ended March and predicted net profit for the year would fall in the range of 30.6m to 33m
Ukrainian lessor gets foreign investment
Ukrainian lessor, Euro Leasing, has been partly bought out by foreign investment funds Euroventures Ukraine Fund II and Ukraine Opportunity Trust
Nova Ljubljanska Banka hikes up share capital
Slovakias largest bank by assets, Nova Ljubljanska Banka, which has 11 different leasing companies, will launch a capital increase to raise 300m, offering 898,204 shares at a price of 334
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Higher interest rates push up lease rentals in Bulgaria
A Reuters report quoting market data said that the domestic cost of lease financing in Sofia has inched up by 25 to 50 basis points Major leasing companies have started the ball rolling with the increased interest rates in new contracts and others are expected to follow suit
Hansa Lizings posts 16% rise in profit
Latvia’s largest leasing company Hansa Lizings posted a 16 per cent rise in profit to 8.505m lats(12.1m) in profit last year according to financial indicators published in Latvian official daily, Latvijas Vestnesis.
Profits at Italian lessor grow 33%
Centro Leasing Banca, which until last year was part owned by BNP Paribas Lease Group, saw net profits rise by 33 per cent last year to reach 8.5m The leasing bank, now part owned by Banca CR Firenze SpA, also saw its interest income grow 37 per cent, while its gross profit margin rose 29 per cent year-on-year.
P&CF raises extra cash
Post-tax profits at the AIM-listed business and consumer finance lender grew in the year to September 31 2007 from £26,000 to £310,000, largely because of increases in business volumes and conservative credit management
Grenkeleasing new business growth lower in first quarter
Grenkeleasing AG reported a lower 7.2 per cent growth in new business for the first quarter to March as fewer business days resulted in lower business volume