All articles by Verdict Staff
Verdict Staff
French see good growth
The French equipment finance market saw new business revenues rise by 8.4 percent to 20.4 billion in the first three quarters of 2008, according to new statistics released by the Association Franaise des Socits Financires, the French leasing association.
Lombard – Cuddy deal
RBS asset finance arm Lombard has provided 397,000 of finance to Welsh civil engineering and demolition contractor The Cuddy Group.
Parfip Lease: 45% growth in 2008
Parfip Lease has seen its European business portfolio quadruple in volume in the past three years.
Grenkeleasing profits 3.2% up in 2008
German lessor Grenkeleasing has reported a net profit of 33.1 million in 2008, up 3.2 percent compared to 2007.
UK van registrations cut by half in January
CV registrations in the UK were almost 45 percent down in January, according to industry figures recently released.
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Bulgarian leasing market blooms
The finance and operating lease market has grown 59 percent year-on-year in Bulgaria, according Bulgarian central bank data Lease contracts reached BGN 5.8 billion (3 billion) at the end of December 2008.
Bibby steps up vendor finance for freezers
A growing vendor finance arrangement between Bibby Leasing and leading UK refrigeration supplier Total Refrigeration is to be the latest example in a recent trend of SME-focused initiatives to lease equipment usually acquired by capital purchase.
Lombard to reduce broker offering
Lombard will be the next blue chip funder to reduce broker business in the UK, confirming that it intends to make cuts to the list of brokers with which it will do business. Andy Hart, managing director of Lombards Commercial and Indirect Business division, said that Lombard had reviewed its extensive introducer network in the UK, and will continue to support a substantial network of high quality introducers.
Market statistics analysis
Following similar heavy falls in November, FLA new business volumes in December showed a material decline from 2007 figures. Business finance, big ticket, motor finance and consumer all fell heavily on a year-on-year basis.
From the rumour mill
British leasing brokers are more under the cosh than at any time before.