All articles by Verdict Staff
Verdict Staff
WRAP increases its 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.
Italian lessor’s loan book grows by 30 per cent
The companys net worth increased to 71.5m (£50m) from 68.3m (£47.8m) while its leasing contracts pipeline exceeded for the first time 1bn (£700bn) an increase of 14.9 per cent
Credit Agricole launches factoring arm in Italy
The Eurofactor Group, the asset based lending arm of French bank Credit Agricole, has launched an operation in Italy The new factoring subsidiary, managed by Mr Massimo Mancini, had its first board meeting on April 11 chaired by Jean-Franois Phan Van Phi, chairman of the International factors Group.
OTP group sees ?200m turnover for Romanian unit this year
OTP Leasing Romania holds to the objective announced at the launch of the company: that of becoming one of the first 10 players on the Romanian leasing market, after two years of activity, with a market share of 7 to 8 per cent,” Mircea Dihel, general manager of OTP Leasing Romania, said in the statement.
NS Financial Services expects debt-free year
The captive leasing arm will instead fund train-set deliveries through group cash resources, taking residual-value risk, and signing cross-border operating leases with operator NS Reizigers and private rail companies in the Netherlands, including Arriva, Connexxion, Railion and Veolia Transport Limburg, said Hans de Jong, manager of marketing and sales at NS Financial Services
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CIT loses Chinese support
Chinese banks that were interested in learning more about leasing, have backed away from the option of buying a stake in CIT and forming partnerships with the company, because of the commercial and consumer lenders inability to fund operations amid the credit crunch, according to a report by Reuters in India
Asset Sales
Leasing Life, in collaboration with Tallon & Associates, publishes a monthly analysis of data onthe demand for used assets
Bibby sets up unit in Germany
Bibby Financial Services has launched a new business in Germany as part of its expanding global network Based in Dsseldorf, Bibby Financial Services GmbH will offer German business owners and managers funding against their customer invoices.
Foreign business to further bolster Deutsche Leasing
Leasing of moveable assets rose 21 per cent to total 6.2bn and its combined real estate and structured finance arm grew 38 per cent to total 1.6bn, fuelled partly by its majority acquisition in Deutsche PPP Holdings GMBH, which operates public sector construction projects
An opportunity for lessors in a harsh climate
As lessors face the troubled waters that are the trading conditions of 2008, defaults and insolvencies are once again on the horizon. For many in the industry, lessees in financial difficulty are an inconvenience that is best dealt with by repossession