All articles by Verdict Staff
Verdict Staff
Grenke Group reports 10.7% rise in new business
Small-ticket IT lessor, Grenke Group notched up a 10.7 per cent increase in new business as it closed its books for 2007 In a statement released January 3, Grenke said inclusive of business by its franchise partners, the group generated 509m in newly purchased leasing assets and factoring volume against 409m reported in 2006
Peter Hunt analyses market statistics for the year to September 30 2007
Peter Hunt analyses market statistics for the year to September 30 2007 Highlights
Higher volumes offset thinner margins at ING
Higher volumes offset thinner margins at ING ING Group NV reported higher earnings at its leasing and factoring business as strong volume growth offset the decline in margins Underlying net profit for the third quarter ended September 30 rose 12.5 per cent to 36m compared with the same quarter last year
Fighting on two fronts
Fighting on two fronts More change is on the cards at Hewlett Packard Financial Services as it seeks to increase efficiencies, while driving sales
New leasing arm of Close launched
New leasing arm of Close launched Close Asset Finance, a subsidiary of Close Brothers Group, has formed a company dedicated exclusively to leasing
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Yachts: Safe in port
Yachts: Safe in port As yachts get bigger, finding the right financial solution becomes even more complex
Sixt in China
Sixt in China German car rental company and lessor, Sixt, has expanded into China offering vehicle leasing and limousine rental services
Brokers: Associated Commercial Finance plans to advance £40m by 2008
Brokers: Associated Commercial Finance plans to advance £40m by 2008 Leasing intermediary Associated Commercial Finance (ACF) is on target to advance £30m during 2007, and plans to increase this by a further £10m over next year ING Lease is a principal source of funding, while other lenders include Barclays Asset Finance, Fortis Lease, Hermes Group, Lombard Asset Finance and PCF Equipment Leasing.
The working life
The working life Richard Hargravess career in finance started in 1988, when he joined Barclays Mercantile in a middle-ticket sales role
Lessors launch projects in Slovenia
The Macedonian subsidiaries of Slovenian company, NLB Leasing, and Austrian Hypo Alpe Adria Leasing plan are to start large-scale housing projects in Skopje