All articles by Antonio Fabrizio
Antonio Fabrizio
Portuguese government to support SMEs
The Portuguese government has announced new measures to support access to finance for the countrys ailing SME base. The initial credit line made available to businesses is 750 million, but this figure could reach 2 billion by the end of 2010, the Institute of Support to the Small and Medium Enterprises (IAPMEI) said
Grenkeleasing and NRW Bank sign partnership
Grenkeleasing and NRW Bank the development bank for Germanys richest state of North Rhine-Westphalia have signed an agreement to support local SME-sized businesses.
2010 Budget: leasing industry expresses disappointment
Julian Rose, head of Asset Finance at the FLA, said: While any support for business is welcome, the governments announcement of an increase to the annual investment allowance has missed the opportunity to help the majority of cash-strapped British businesses to invest via leasing.
Italy’s Ubi Leasing increases market share
Italys third largest leasing company Ubi Leasing increased its market share in 2009, despite a fall in volume and profit. The Brescia-headquartered lessor, which is part of Ubi Banca, recorded a new business volume of slightly more than 2 billion, 25 percent down compared with the previous year
CHP Consulting joins German leasing association
Lease software provider CHP Consulting has joined Germanys leasing association BDL as a new cooperation and information partner. The company said that the move is in line with its plans to expand to the German leasing market, promote its flagship solution ALFA v5, and support its existing clients in the country. CHP Consultings sales and marketing director Andrew Denton said that ALFA v5 is well placed for German leasing companies, because it can support the complex requirements of leasing markets such as Germany that have a strong regulatory control and because of its multi-GAAP capabilities.
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WCG wins major deals in Austria
White Clarke Europe (WCG) has won a partnership with two of the countrys largest leasing companies, the software house has said. WCG which opened a new office in Vienna last year – said that these latest agreements with two of the top four leasing companies in Austria are worth some millions euro over the next two years.
French leasing: “unprecedented” contraction in 2009
Leasing among French businesses fell 23.5 percent last year, which Frances leasing association Association Franaise des Socits Financires (ASF) described as an unprecedented drop in the local market, worse than the 19.6 percent recorded in 1993.
Manheim strengthens CV team
James Davis becomes general manager of CV operations for Manheims three auction centres of Leeds, Gloucester and Haydock, which are solely dedicated to commercial vehicles.
Portuguese leasing falls 30 percent in H1 2009
Portuguals leasing and renting industry had a 30 percent drop in the first six months of 2009, according to the countrys leasing association ALF. The association said that the aggregate production reached 2.3 billion in the period, and was almost 4.8 billion for the whole year.
Germany’s VR Factorem sees customer increase
The factoring business, a joint venture between VR Leasing (which owns 74.9 percent of the company) and Frances Natixis Factor (which owns the remaining 25.1 percent), said the number of customers rose by 15.5 percent.