All articles by Verdict Staff
Verdict Staff
BT Leasing of Romania aims to grow new business to ?125m in 2008
BT Leasing of Romania aims to grow new business to 125m in 2008 BT Leasing, the asset finance arm of Banca Transilvania of Romania, has announced that it plans to grow its business volume from 77m in 2007 to 125m for full-year 2008.
RBS sells Angel Trains for £3.6bn
After a nine-month haggle, Angel Trains Group, the UKs largest train leasing company was sold to the consortium advised by Babcock & Brown today Royal Bank of Scotland, which put Angel up for sale to help finance last years acquisition of ABN-Amro, announced that it signed a definitive agreement with the Australian infrastructure group in a deal valued at £3.6bn.
Angel not enough for B&B’s shares
Although Babcock & Brown won the much sought after RBS asset, Angel Trains for £3.6bn, it is still experiencing the challenge of investors dumping their shares in the Australian finance house B&Bs shares dropped 24 per cent on a series of broker downgrades and speculation that some of its big investors were receiving margin calls, the Australian Associated Press reported
More stateaid for lessors
The World Bank last month approved a US$600m export finance intermediation loan to Turkey, which will be used to develop leasing companies About US$330m of the loan will go directly to the development bank, Turkiye Sinai ve Kalkinma Bankasi (TSKB), which will lend to banks and leasing institutions
Foreign banks in emerging Europe and the risk factor
Does foreign bank ownership in Emerging Europe mitigate or exacerbate the country risks of these developing economies The report publicised an aggregate measure used by S&P to differentiate the extent to which, in the even of a crisis, the parent banks financial strength and commitment to their subsidiaries could offset a countrys contingent liability
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STAFF MOVES FROM ACROSS EUROPE DAVENHAM
He joins with more than 26 years experience in the finance and banking sector having previously been managing director of a business brokerage in East Anglia, a development manager at NatWest and an asset funder in the motor trade.
Alta joins up with US M&A specialist
Bruce Kropschot, the founder of Kropschot, a leasing M&A specialist, also becomes a principal of The Alta Group, and will serve as the managing principal of the latters expanded Merger and Acquisition Advisory Division
Raiffeisen reports record Q1 profit of ?254m
Raiffeisen International Bank-Holding AG said consolidated profit after tax rose 32.1 per cent in the first quarter to 254.4m as the group strengthened its market position Central and Eastern Europe Referring to the quarters performance another record result, Raiffeisen said net interest income and net commission income, which grew by 41 per cent and 20 per cent respectively, were the biggest profit contributors
Fortis Lease UK on drive to spread risk and diversify beyond vehicles
Fortis Lease UK is in the process of diversifying its portfolio in order to grow the business and spread risk more widely Paul Burgess, chief executive of Fortis Lease UK, said the company is heavily weighted towards vehicle finance and that he planned to balance that growth of vehicle finance with other long-term asset-based lending
Lex lands two fleet deals in one month
Lex will manage Taylor Wimpeys fleet of 1,650 cars and vans.The lessor also won a deal to undertake a sale-and-leaseback of a fleet of 700 vehicles originally held by George Wimpey prior to the merger of Taylor Woodrow plc and George Wimpey plc