All articles by Verdict Staff
Verdict Staff
Romanian lessor pushes out its Western European owner
Romanian lessor pushes out its Western European owner Romanian leasing company, Credit Europe Leasing IFN has announced a doubling in its share capital to 20m, via the issue of new shares
Start-ups capitalise on rolling stock leasing in Germany
Start-ups capitalise on rolling stock leasing in Germany Each month, freelance writer and asset finance specialist Anthony OConnor breaks exclusive news and provides analysis about business in the European rail finance sector
NetSol implements LeaseSoft solutions across Europe
NetSol Technologies, a software provider and its strategic partner, Real Consulting Information Systems, have signed an agreement with a European bank to implement LeaseSoft solutions within the banks own finance leasing division
DLL promotes Stephenson to executive board
De Lage Landen Financial Services has appointed William Stephenson to the companys executive board Stephenson has also been appointed global chief commercial officer for De Lage Landen International, B.V, succeeding Philip Schneck, who will retire from the company on July 1. In his new role, Stephenson will be responsible for the overall operations of De Lage Landen Internationals global vendor finance activities
Joint Leaseurope-KPMG tax update launched
The publication is the result of extensive collaboration between Leaseurope, its Member Associations and KPMGs International Asset Finance Taxation Network and offers a review of 25 European leasing markets, including the legal, fiscal and regulatory aspects of leasing in these countries
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Asset Sales
Leasing Life, in collaboration with Tallon & Associates, publishes a monthly analysis of data on the demand for used assets This month we look at the performance of assets in the machine tool sector in the 12 months to April 2008
DLL forms new VF partnership
Dutch lessor, De lage Landen (DLL) and Lely Industries, the robotic milking equipment provider, have created a joint venture in the form of Lely Finance. The vendor finance agreement will see DLL act as the exclusive financial and asset finance provider for Lely Group in the US, Canada, Australia, France, Germany, Italy, Netherlands, Poland, Spain and the UK. Aart van’t Land, vice president of dairy equipment of Lely Industries said: “We have observed that dairy farmers are increasingly interested in alternative financing schemes
Raiffeisen gets ?72m funding from EBRD for Bosnian and Ukrainian units
The European Bank for Reconstruction and Development (EBRD) will lend 72m to the Bosnian and Ukrainian subsidiaries of Austrian banking group, Raiffeisen International in support of small and medium size enterprise (SME) lending and leasing activities in both countries. Raiffeisen Bank Bosna i Hercegovina (RBBH), the countrys leading bank by assets, will receive 30m to continue to focus on SMEs located across the country and to increase the availability of SME financing with longer maturities, the EBRD said in a statement.
OTP Leasing Romania to grow six-fold
OTP Leasing Romania holds to the objective announced at the launch of the company: that is, becoming one of the first 10 players on the Romanian leasing market after two years of activity, with a market share of seven to eight per cent, Mircea Dihel, general manager of OTP Leasing Romania, said last month
Corplease in unique offering
Egypt’s leasing and asset finance company Corplease completed Egypt’s first lease-backed securitisation via its SPV, the Egyptian Securitisation Company (ESC) ESC issued bonds rated ‘AA’ by the local arm of Moody’s for £33.6m, which was also backed by a portfolio of 516 lease contracts