All articles by Verdict Staff
Verdict Staff
Chinese Minsheng Bank establishes leasing subsidiary
Chinese Minsheng Bank establishes leasing subsidiary Following the easing of leasing restrictions on Chinese banks by Chinas regulatory authorities in February this year, China Minsheng Banking has just received approval from the banking regulator to establish a financial leasing subsidiary in Tianjin
Uncertain times
The number of vehicle finance deals sourced by UK leasing brokers have soared well above expectations, while asset finance as a whole has seen a marginal decline, according to latest figures from the National Association of Commercial Finance Brokers (NACFB)
Getting it right
At a time when the UK lending market is under scrutiny amid accusations of permitting over indebtedness, some risk managers in the vendor leasing sector may well be re-examining the rule book
Siemens FS gets AA rating
Siemens Financial Services, the captive finance arm of industrial conglomerate Siemens AG, has been assigned a long term AA credit rating The rating, which also includes a short term A-1 counterparty credit rating, are in line with the captives parent, according to Standard and Poors, the ratings agency, which carried out the rating.
IT Leasing: Brimming with potential
Asset finance now accounts for around one-third of all sales in information and communication technology (ICT), and the take-up of finance at point-of-sale was expected to rise by one-fifth over the next three years, increasing the proportion of technology investment funded by financiers to 40 per cent
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Sweeney-Kincaid launches online asset auctions
Scottish industrial auctioneer Sweeney-Kincaid has begun operating online auctions, to facilitate the selling of unwanted equipment by lessors and other businesses hit by economic difficulties Managing Director Russel Kincaid was keen to point out that in the current climate of cost-cutting and margin-widening, many companies would do well to use the service, which has a UK client base of 3,000
ALD International buys out JV partners in Russia and Turkey
Fleet management and leasing company ALD International has bought out the 25 per cent stake in its ALD Automotive Russia subsidiary, meaning it now owns the entirety of the Russian fleet operator ALD International, a wholly-owned subsidiary of French banking giant Socit Gnrale, purchased the quarter-stake in ALD Automotive Russia from former joint venture partner CIS Rental & Leasing BV.
Euro investments promote rapid growth in Hungary
Some 2.6bn worth of contracts were signed by Hungarian leasing companies in 2008s first half, an increase of 12 percent year-on-year
Alpha Leasing gathers steam in Romania
Alpha Leasing IFN Romania (Alpha Leasing), the Romanian division of Greek Alpha Bank Group, announced gross profits of 1.6m for the first half of 2008
Brother and BNP in landmark finance deal
Electronics manufacturing giant Brother has launched a new leasing programme called Print Smart aimed at increasing profit margins for resellers which promote the scheme to clients