All articles by Antonio Fabrizio
Antonio Fabrizio
Renewables boost Italy’s leasing
New leasing business in Italy grew by 4.8 percent to 27.4 billion last year, the latest figures from Italys leasing association Assilea have shown Renewable energy, public sector leasing and vehicle finance were the main drivers for the growth, although other segments fared less favourably.
GE Capital refocuses UK business
GE Capital UK has reshuffled its equipment finance team as it refocuses its activities around healthcare, aircraft and structured equipment finance. Jon Maycock, recently appointed as commercial director for GE Capitals equipment finance division, will be working alongside a team made of seven people, six of whom are GE veterans. The vendor finance team is now led by Ann Williams, who has been with GE for 17 years
Austrian leasing rebounds
Austrias leasing industry recorded an 8.8 percent increase in new business to 5.7bn in 2010, up from 5.2bn in 2009 Figures from the Association of Austrian Leasing Companies (VL) show that vehicle leasing grew by 5.4 percent to 3.3bn, and equipment leasing increased 4.1 percent to 1.3bn
Moves continue in car leasing
Nexus Business Solutions, part of lease software specialist White Clarke Group, has appointed Pamela Halliday as UK sales director of Nexus Automotive, as part of its growth plans in the UK and Western Europe
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Replacements buoy German leasing
German leasing has emerged from the crisis as one of the strongest markets in Europe, reporting growth of 4% for 2010
Asset finance competes with plain loans
Is the asset finance industry providing enough credit to UK SMEs Barclays decision to stop providing asset finance for companies with turnover of less than £5m (6m) a year has sparked a debate on whether asset finance can be replaced by plain loans.
Brussels Watch: EIB funds benefit leasing
At least 2.3bn of the funds disbursed by the European Investment Bank (EIB) last year went to leasing companies
Volume growth for Crédit Agricole
French banking group Crdit Agricole reported record business in both lease finance and factoring last year. New leasing business grew by 6.8% to 6.6bn in 2010 an all-time high new production for the company
HSBC strong in mid-large ticket
New business volume at HSBC Equipment Finance increased thanks to a higher incidence of bigger ticket transactions in the companys portfolio in 2010 HSBC head of equipment finance Richard Carter said: Our customer base has been buying more than we had seen in the previous three years, and especially medium and large ticket transactions contributed to the growth