All articles by Verdict Staff

Italy has ?65bn of frozen capital, says Siemens Finanziaria

Siemens Finanziaria Spa, the Italian subsidiary of Siemens Financial Services group, has revealed that Italy has some 65 billion frozen in purchased business equipment, which could be freed through alternative financing such as leasing. According to the study, the five main European economies Italy, UK, France, Germany and Spain had a combined 256 billion frozen in purchased business in 2007, which could have been used as a source of liquidity in the current uncertain economic climate.

?42m funding lines for Raiffeisen JV in Belarus

Raiffeisen Leasing in Belarus has secured loans worth $40m (27.4m) and 15m from Priorbank and Austrian Control Bank. The lessor, a joint venture between Priorbank of Belarus, which owns a 70 per cent stake, and Raiffeisen of Austria, which owns 30 per cent, will use the five-year loans to finance its leasing transactions.

Deutsche Leasing retains CEO, acquires vice chair

Deutsche Leasing CEO Hans-Michael Heitmller will retain his position until July 2010, after a contract extension by the companys supervisory board.

Finance leases for UkrSibbank’s SME customers

Ukrainian banking group UkrSibbank is to offer finance leases to its small to medium-sized business customers as of this month, through its subsidiary Ukrainian Leasing Company

Dexia scoops 35-year ?149m French rail deal

Dexia Credit, an arm of the French-Belgian bank, has won a contract worth 149m with Conseil Rg Provence-Alpes-Cte dAzur to finance new rolling stock in the region

Credit Suisse pulls plug on Park

Credit Suisse-backed Park Motor Finance is the latest UK SME lessor to have exited the market for new business as the global credit crunch continues to bite. The decision to stop lending was taken in light of the continued poor conditions in the credit markets and uncertain economic times, said Maureen Coen, head of European conduit finance at Credit Suisse

In rude health

Drage’s Den

Italease and VR Leasing propose joint venture

UniCredit tightening lending criteria