All articles by Verdict Staff
Verdict Staff
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
Potential Finance expects strong results in vehicle rental
Potential Finance Groups plans for strong future trading prospects in the vehicle rental market are a reality, after its light commercial vehicle rental business, Potential Vehicle Hire reported significant growth over the last six months
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Microsoft plans to increase financing by 60%
Microsoft Financing plans to increase the amount it finances for certain purchases by 60 per cent, with expectations to issue $1.25bn (£0.65bn) in loans for 2008, up from $780m (£390m) it made in 2007
Hansa Lizing sets record growth in Baltics
Hansa Lizing posted profits exceeding 12m for 2007 in both its Latvian and Lithuanian units for 2007, while the parent financial group, Hansabankas, grew by 19 per cent in net earnings for the first quarter of 2008 Latvias largest leasing company, Hansa Lizing, posted profits of 12.1m for 2007, a 16 per cent increase from 2006, according to financial data from Latvian official daily, Latvijas Vestnesis
DLL completes Hungarian acquisition
De Lage Landen, the international asset finance specialist, has made the successful strategic move into growing segments in Hungary, following its completed acquisition of Hungarian Siemens Leasing Kft and Siemens Finance Zrt, both subsidiaries of Munich-based Siemens Finance and Leasing GmbH Both companies’ names have been changed to De Lage Landen Finance Zrt and De Lage Landen Leasing Kft respectively and offer DLL the opportunity to expand in the office equipment, technology finance, materials handling & construction equipment, food & agriculture and healthcare sectors
New entrants compete with UK franchise operator dominance
Open-access operators in the UK look set to launch fresh passenger rail services this year and next that will compete with the corporate clout of the countrys franchise operators
ABN AMRO factoring unit let go
Fortis and ABN AMRO have started shedding parts of ABN AMROs commercial banking activities in the Business Unit Netherlands, which includes its factoring company IFN Finance B.V., Hollandsche Bank Unie N.V., two corporate clients units and 13 commercial advisory branches