All articles by Verdict Staff
Verdict Staff
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
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
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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
Banif Go restructures and plans to grow despite harsh markets
Capitalising on the increasing level of consolidation in the Portuguese banking and leasing market, the countrys fourth-largest financial group, Banif Group, has reformed and strengthened its leasing business via an internal merger Banif Leasing and Banif Credit, both subsidiaries of Banif, which is the local group for Spanish banking giant Santander, amalgamated their businesses in October 2007 under the new name Banif Go Under this new brand, Banif Go, which is Portugals sixth-largest lessor in terms of new production for 2007, provides financial leasing, real-estate leasing and consumer credit for vehicle purchase
Babcock’s bid for Angel getting more serious
Australian investment and leasing firm, Babcock & Brown is rumoured to announce that its consortium of banks will purchase Europes largest rolling stock lessor, Angel Trains, from Royal Bank of Scotland for £3.5bn, according to The Australian
Parmalat forced to offload ?36m of lease debt
The deal includes TMT, which is active in agricultural, food, shipping and retail activities, taking on lease finance debt worth 36m.
CIT Group Inc extends losses to first quarter
Financial services firm CIT Group Inc swung to a loss during the first quarter due to losses in its home and consumer lending divisions, the AFP reported. CIT Group lost $257.2m, or $1.35 per share in the first quarter, compared with earnings of $200.6m, or $1.01 per share, during the same period the previous year.