All articles by Verdict Staff
Verdict Staff
Eurohold Bulgaria establishes subsidiary in Macedonia
Eurohold Bulgaria establishes subsidiary in Macedonia Financial and industrial group, Eurohold Bulgaria has established a new subsidiary in Macedonia, called Eurolease Auto Skopje The expansion is part of the companys strategy for achieving maximum synergy between leasing and insurance operations in all the countries that its insurance sub-holding Euroins Insurance Group (EIG) is already present
Swedish SEB acquires Polish factoring company
Swedish SEB acquires Polish factoring company Swedish financial group, SEB, will acquire GMAC CF Sp o.o., the Polish factoring company that is part of the global GMAC Commercial Finance operation.
IBM Global Finance reports increase in software financing
Despite uncertainty in the global economy, IBM Global Financing (IGF) reports that it has seen an increase in the rate of customers financing its software solutions
EC clears VW’s takeover of Scania
VW, one of the largest car manufacturers in the world builds and distributes cars and light commercial vehicles under brands such as Audi, Seat, Bentley and Skoda, whereas Scania produces heavy trucks for long-haulage and goods distribution
CEE loans to lessors
Raiffeisen International Bank in Ukraine and the European Bank for Reconstruction and Development (RBRD) have signed an agreement to provide joint loans to SMEs, lessors and the residential mortgage sector in Ukraine and Bosnia & Herzegovina
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CSOB Leasing’s insurance broking unit reports higher volume
CSOB Leasing pojistovaci makler, the third largest company on the Czech market for insurance mediation, raised the volume of deals by 20 per cent year-on-year to Kc1.85bn (75.4m) in 2007, reported Czech News Agency, CTK.
SFS cuts processing times
Siemens Financial Services claims to have cut credit approval times by almost three-quarters, thanks to a project launched last summer Average customer credit approval times have dropped by 72 per cent to one hour and 40 minutes, while autoacceptance rates have increased by 40 per cent, the company said SFS last year launched project Transact aimed at reducing average credit approval times to less than two hours, and improving auto-acceptance rates from 2 per cent to above 35 per cent
Cargobull and DLL in Russia
Cargobull Finance (CBF), the joint venture leasing programme between German trailer company, Schmitz Cargobull AG (SCB) and De lage Landen, has made strategic expansion moves over the past several months
DVB Bank posts lower Q1 profits
DVB Bank AG, a specialist in transport finance said net profit for the first quarter ended March fell 12.5 per cent to 26.7m as investment gains inflated profit figures in the same quarter last year
Potential expects buoyant future
Potential Finance Groups plans for strong future trading prospects in the vehicle rental market are a reality, after its light commercial vehicle rental business, Potential Vehicle Hire reported significant growth over the last six months