All articles by Verdict Staff
Verdict Staff
CIT may sell its rail leasing business in US
CIT may sell its rail leasing business in US After selling its subprime home-loan business, commercial lender, CIT Group may sell its railroad leasing business in the US. CIT will have a pretax loss of $2.5 billion in the second quarter, as analysts estimate it received about 64 cents on the dollar for the subprime mortgage business.
DLL Global appoints new president of equipment group
De Lage Landen International has appointed a new global business unit president of the DLL office equipment group, Marc Dierckx Dierckx, who joined DLL in 2004, will be responsible for DLLs overall global business vendor finance activities in the office equipment industry Prior to working at DLL, Dierckx held several senior management positions within Lanier Europe Finance, one of which was co-managing the transition of Lanier Europe into the Ricoh Group, a provider of digital office solutions
Arval expands into India
BNP Paribas automotive leasing subsidiary Arval has expanded into India with an ambitious plan of owning a fleet of 10,000 vehicles in the next five years Liam Donnelly, CEO of Arval in India said: There are roughly 30,000 vehicles under operational leasing in India compared to 15 million in the UK
Immorent in Bucharest lease deal
Immorent Romania, the real estate leasing unit of Austrias Erste Bank Group, will invest 300m in a real estate project in the capital city, Bucharest
Higher profits at Hypo Alpe-Adria-Leasing’s Serbian unit
At a news conference, head of Hypo Alpe-Adria Leasing Serbia, Vladimir Jamsek said the unit saw a 45 per cent increase in leasing contracts and attributed profit growth partly to reinvestment of profits in the market
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
CHP Lands CB Rail
CB Rail, the joint venture rolling stock leasing company of Babcock & Brown and Bank of Scotland, has chosen CHP Consultings ALFA Systems to manage its portfolio of contracts worth 600m
Romstal Leasing reports 44% hike in contracts
Romania’s Romstal Leasing said May 22 it signed 1,850 contracts worth 77.5m in the first four months of the year, up 44% from the same period a year earlier, boosted by the equipment leasing segment, reported the South East Europe Newswire.
Volvo captive arm launches in Chile
Financing the purchase of the Groups infrastructure equipment in Chile, VSF aims to support Volvos general sales, particularly for mass transport vehicles such as buses, which is a popular sector in Chile
Quartz Finance originated £100m in its latest third quarter
Notwithstanding the downturn in the economy and the credit squeeze, Quartz Finance has originated more than £100m of new business in the first nine months of its year to March 2008 Average transaction sizes are now £2m, while they range from £50,000 upwards, according to Neil McLaren, director of Quartz Finance
IBM’s server lease
IBM Global Financing last month unveiled a new product for financing so-called ‘data centres’ with thousands of servers, largely used by online gaming and social network websites