All articles by Verdict Staff
Verdict Staff
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
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Who’s Who of leasing set to be launched worldwide
The book, due to be published in August by Whos Who Publications, in conjunction with Leasing Life magazine, will contain the personal and professional details of directors and partners in UK leasing, rental and asset finance
Immorent Hungary and Romania shine in real estate leasing markets
Immorent Hungary, Hungarys fourth largest leasing company, doubled the value of new contracts for year-end 2007 to HUF 26.3bn (0.1bn) from HUF 10.5bn (0.04bn) in 2006, while Immorent Romanias turnover surged 87 per cent in 2007 and it expects it to increase by 52 per cent on the year in 2008
KBC to exit NLB after failure to secure control
Belgian banking group, KBC has begun a tender process to sell its entire 34 per cent stake in Slovenias Nova Ljubljanska Bank (NLB) after failing to acquire a majority share in the financial group
Doing it alone
With only 23 leasing companies, all bank-owned, and limited foreign intervention, the Portuguese leasing market, like its banking sector, is characterised by high consolidation and virtually non-existent M&A activity
Former Fortis Lease boss joins Zenith Vehicle Contracts
Gerard Moon, the former CEO of lessor Fortis Lease UK, is to join independent vehicle leasing company Zenith Vehicle Contracts in the role of commercial director