All articles by Verdict Staff
Verdict Staff
French banks mostly thriving despite global crunch
New production volumes at Credit Agricole Leasings French outlets have grown 18 per cent during the year to date, partly due to rising demand for real estate financing. SG Equipment Finance, which is present in 23 countries, increased new lending by 11.3 per cent to 2.2bn for year-on-year Q1 2008, and its outstandings by March 31 2008 reached 17.6bn
Netsol signs new deal amid business upturn
Venture required a flexible system to manage its recently launched block discounting division principally in the areas of credit application processing, contract management, receivables management, accounting and management reporting, said Richard Miller,Venture Finances project manager
New credit bureau sets scene for growth in Russian asset lending
Equifax has acquired a 28 per cent stake in Global Payments Credit Services (GPCS) a major credit information company in Russia from Global Payments Europe s.r.o (GPE) a subsidiary of Global Payments Inc, and Home Credit and Finance Bank of Russia.
Banca Italease returns to profit in Q1
Banca Italease posted 15.4m in net profit for the first quarter of 2008, following a net loss of 525m, due to derivative failures, for full-year 2007 The Italian leasing companys net interest income was 73m in Q1 2008, down 13 per cent from 83.6m in Q1 2007
Pitney Bowes Finance hikes revenues with global presence
New contracts at Pitney Bowes Finance (PBF) have increased by 65 per cent in the three years to December 2007, while net finance receivables have risen by 38 per cent
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Venture in large ID deal
Venture Finance group has won a deal to provide an undisclosed amount of finance for InterFlex Scotland to acquire EBR Ltd, a flexographic printing company The company, part of Interflex Group, which provides the UK food industry with packing products, has previously received invoice discounting from VF for plant and machinery and property loans products
Bright and healthy
IN THE FIRST IN A MONTHLY SLOT ON LEASING ASSOCIATIONS, MARGARET WALDRON INTERVIEWS THE HEADS OF THE AUSTRIAN AND FINNISH ASSOCIATIONS With growing credit portfolios and small levels of loan losses, Finland remains a healthy place for leasing businesses New lending in Finland expanded significantly in 2007, especially leasing of vehicles and IT equipment
VFS restructures following new market expansion
PhilWilkes,divisional director of VFS, told Leasing Life: The restructure has allowed us to align ourselves more closely to our business areas Volvo Trucks, Renault Trucks, Volvo Construction and Volvo Bus and Coach
Clifford Chance Singapore appoints aviation finance expert
Leading asset finance expert, Simon Briscoe will join law firm Clifford Chance as partner in Singapore this autumn
New money, new business
Part of the Uralsib Financial Corporation (UFC) group and majority-held by Bank Uralsib (87.6 per cent), Uralsib Leasing ranks among the top five leasing companies in Russia