All articles by Verdict Staff
Verdict Staff
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
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
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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.
Genesis Capital’s profits flat on last year though growth expected
Genesis Capital, the Hampton-based broker for software finance, is expected to report stagnant earnings and new business volumes for the financial year ended March 31 2008
Green tender up for grabs
Bristol City Council is considering whether to use leasing as a means of financing six wind turbines on the coast at Avonmouth The authority estimates the turbines, which will cost around £2.5m to build and will have a lifespan of about 25 years, will start providing economic benefits within 10 years Four of the turbines are planned to provide power for Wessex Water’s treatment works and two are being built on behalf of Bristol City Council
Argosy launches Yachtlease as alternative to offshore deals takes shape
Argosy Financial has launched a new yacht leasing product aimed at reducing the complexities involved in acquiring, using and disposing of a luxury yacht John Flynn, Argosys president and founder, said the product, Yachtlease, uses a tax-leveraged lease structure, whereby applicants, who are largely US-flagged, are exempt from sales tax at acquisition Based on a clients cruising itinerary, he said, and over a three-year period, the state sales tax equals only one per cent of the yachts acquisition cost
Raiffeisen unit sets up Madrid office
Raiffeisen Zentralbank Osterreich AG (RZB), a member of the Raiffeisen banking group, has established a representative office in Spain, according to ENP Newswire. The primary goal of our new representative office in Madrid is to enable us to service those Spanish business customers who wish to take advantage of RZBs network in Central and Eastern Europe, explained RZBs CEO Walter Rothensteiner