All articles by Verdict Staff
Verdict Staff
Online financing 10% of syscap’s business
Online financing 10% of syscaps business Independent IT finance provider Syscap has witnessed a sharp increase in online trading, which now accounts for 10 per cent of business Syscap Online sits with the companys Option One vendor financing programme, and since its launch in January has boosted business originated through Syscap Online from £43 million to £53 million.
Alta Group appointment
Alta Group appointment Global asset finance consultancy The Alta Group has appointed Steve Robinson as a principal, EMEA region. Robinson, former De Lage Landen MD, Asia Pacific, has 30 years international experience specialising in business management and development, including multi-country vendor programmes and the establishment of new-start asset finance companies
Raiffeisen Leasing makes vendor finance partnership in CEE
Raiffeisen Leasing makes vendor finance partnership in CEE Raiffeisen Leasing International (RLI), the holding company of the Raiffeisen Leasing network in Central and Eastern Europe, has signed a vendor finance agreement with NACCO Materials Handling Limited, a lift truck manufacturer.
Stagecoach sounds out market for £200m train leases
Stagecoach sounds out market for £200m train leases Each month, freelance writer and asset finance specialist Anthony OConnor breaks exclusive news and provides analysis about business in the European rail finance sector UK transport group Stagecoach is sounding out the market for a £200m rolling stock financing package that could result in a deal being awarded to banks or financial institutions outside of the UKs Rosco framework.
Hypo Group gives ?50m to Bosnian SMEs
The Council of Europe Development Bank (CEB) and Austrias Hypo Group Alpe-Adria signed a 100m contract for a joint credit line to support micro-, small- and medium-sized enterprises in Bosnia
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Uralsib profits fall 50% in 2007
Uralsib one of Russias largest financial institutions, reported a consolidated profit of RUB 2.2bn (60m) for 2007, down almost 50 per cent on its profit figure of RUB 4.2bn (114m) in 2006, due to losses in its broker and exchange business of RUB 1.8bn (50m) for 2007
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