All articles by Verdict Staff

Light at the end of the tunnel for embattled CIT

Vehicles arm behind Hitachi Cap’s 16% profit increase

NACFB courts more from leasing and asset finance business

Italian arm of Raiffeisen Leasing in ?320m deal

Hill Hire up for sale while Lex says no change

Railpool to become Germany’s first Rosco post privatization

De Lage Landen gains from continued job cuts at CIT

Latvian Nelss sells leasing subsidiary

Latvian Nelss sells leasing subsidiary Swedish Marginalen AB has acquired Latvian lessor Nelss Lizings from building supplies and lumber export corporation Nelss, which had previously owned 95 per cent of shares Nelss Lizings generated Ls1.3m (1.8m) in net sales last year, up 48.6 per cent year-on-year, and made Ls270,300 (384,602) in profit, up 95.7 per cent from 2006

Lloyds TSB Asset Finance profit increase of 52 per cent

Lloyds TSB Asset Finance profit increase of 52 per cent Lloyds TSB Asset Finance gained an increase in profit before tax of 52 per cent to £35m for half year 2008, up from £23m in the first half of 2007 Despite impairments and expenses, Lloyds Asset Finance still recorded a total income increase of 6 per cent (£21m) to £374m, which was due to good income growth, improved efficiency and collections procedures, lower staff numbers, lower balances outstanding and tightened credit control.

NetSol moves in Asia

NetSol moves in Asia NetSol Technologies will launch its new LeasePak management system, via a multimillion-dollar deal with the North American captive finance division of an Asian-based automobile manufacturer, which remains undisclosed. LesaePak is a key product offering of the IT solutions and services provider of the financial services sector