All articles by Verdict Staff
Verdict Staff
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
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Barclays asset finance sets sights on Russia after India launch
Barclays Asset & Sales Finance is on the expansion trail, with the launch of an Indian business in recent weeks and plans to start trading in Russia by the end of the year A move by Barclays asset finance into Russia will follow the parent banks acquisition, in March, of Expobank, the Russian bank that is in the process of being integrated into Barclays emerging markets business
GE exit segments of consumer finance in US
GE is allegedly set to trim its consumer finance offerings, according to a Reuters report, and will stop offering loans for the purchase of consumer boats and motorhomes GE Money told boat and recreational-vehicle dealers that it will cease taking applications by July this year and will no longer offer new loans from August 1
Scania profits up in first quarter but truck orders slow
Scania AB, the Swedish maker of heavy trucks and buses reported a 26 per cent increase in first-quarter operating income at its financial services division but a drop in vehicle orders and economic uncertainty suggests slower portfolio growth ahead
Henry Howard Finance ensures lease financing is highly convenient for businesses
Leading South Wales finance house Henry Howard Finance and brokerage firm, is one of the UKs fastest-growing privately-owned companies
Global crunch will cause more lessors to close down
We will only know who is correct as events continue to unfold, but the credit crunch is a massive stress test for the global financial system