All articles by Verdict Staff
Verdict Staff
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
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
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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
Barclays in record deal
Barclays Asset & Sales Finance (BA&SF) has completed a syndicated £280m receivables financing deal with distribution specialist Palmer and Harvey (Holdings) Plc at a time when the banking arm is seeking to bolster its asset-based lending (ABL) capability
WRAP increases lessor panel by 10
The eQuip panel now also includes Close Asset Finance, Clydesdale Bank, De Lage Landen Leasing, Fortis Lease UK, HSBC Equipment Finance UK, ING Lease UK, JCB Finance, KBC Lease, Triple Point Investment Management LLP and Vision Asset Finance
Romanian real estate leasing fast emerging
The market for real estate leasing expanded by more than a factor of 10 since 2005, the general manager of Immorent Romania Bogdan Cernescu told a press conference was quoted in the Romanian press as saying