All articles by Verdict Staff
Verdict Staff
Editor’s Letter
For my money, right now, De Lage Landen is the most likeable company in European leasing
FLA hires former accountant to fill new post
The Finance and Leasing Association (FLA) has appointed Julian Rose to fill its newly created post of head of Asset Finance and Data Policy
Crunch to cause slowdown at Hansa Leasing
After reporting a bumper 2007 in the Baltic markets, Hansa Leasing, the subsidiary of Hansabank and part of Swedbank AB, is bracing for a slowdown in growth as financial markets adjust to the effects of the global liquidity crisis The changes in global financial markets have had a strong impact on small countries like the Baltics, head of Hansa Leasing in Estonia, Mart Mgi, told Leasing Life
Hypo leasing in Marina talks
Hypo Alpe-Adria-Leasing, which had a record 2007, is in talks to finance a 60m marina deal on the Black Sea Coast The Austrian company, which last year financed 75 yachts in deals worth 50m, is currently in talks to finance the construction of three marinas on the Black Sea coast In Bulgaria total yacht sales have increased by 1,000 per cent since 2004, according to Georgi Mihov, a partner and manager at Venid Yacht
Host of lessors in UK’s biggest ever PFI
Despite the clampdown on capital allowances in long-funding leases, a host of banks have provided finance for a serviceinclusive lease believed to be the largest ever private finance initiative (PFI) contract for the UK public sector The capital funding for the project, the financing of the Future Strategic Tanker Aircraft (FTSA) for the Ministry of Defence (MoD), has been arranged in tranches of senior, mezzanine and equity bridge finance, syndicated among a number of banks, including Bank of Scotland, Lloyds, Calyon, Royal Bank of Canada and BBVA
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GE Cap restructures transport arm five months after creation
GE Capital Solutions, the equipment leasing and financing arm of General Electric, has restructured its transportation arm as well as two of its other divisions just five months after its formation because of customer overlap The move has involved Capital Solutions transportation arm which was formed in January 2008 being shunted into a new business called Industrial The move has taken place because of concerns that the transport finance business, which specialises in leasing commercial vehicles on long-term contracts, was targeting the same customers as two other Capital Solutions divisions, construction and manufacturing
Indian consultancy pushes railway leasing in Africa
RITES, the Indian consultancy firm may push into the railway equipment leasing business as part of international growth plans V K Agarwal, managing director of RITES said, “Leasing is a big market in Africa, as the mineral-rich continent requires development of railway infrastructure for the movement of minerals
Risky business
VKM Leasing is the fifth-largest rolling-stock leasing company in Russia, with a five per cent market share
Low penetrated Banco BIG grows its auto finance arm
Banco BIG, a Portuguese investment bank, has expanded its auto leasing operation BIG Auto, via several new branches and business developments Currently, BIG Auto, which is part of the banks specialised credit division, holds only one per cent share in the auto finance market, with a portfolio size of 10m
Staff moves from across Europe
Maskell will focus on developing Wyses vendor finance business and has been allocated a number of key accounts from the company’s portfolio