All articles by Antonio Fabrizio
Antonio Fabrizio
Rich pickings in Germany for bank-owned lessors
UniCredit Leasing and BNP Paribas Leasing Solutions both gained market share from rivals in the German market last year, and expect further growth during 2011. With the overall German market growing at a more moderate 2.5%, the lessor outperformed a good number of its competitors
KEF to streamline
Key Equipment Finance has confirmed it will remain in the European market but that it is to streamline operations. European clients will be served from centralised offices in the UK, France, Germany, Italy and Spain. The equipment financing solutions company said in a statement: “The European market is a top priority for Key Equipment Finance KEF.
Nordea gains market share
Nordea Finance reported a 12.6 percent increase in new business to 8.4 billion last year, helped by its best ever month in December 2010. Nordea Finance gained share across all its markets in 2010, with the Baltics showing the largest gain
Barclays exits SME market
Barclays Business has changed its lending policy and will no longer provide asset finance to companies with turnover less than £5m (6m) a year. A Barclays spokeswoman said that the need for asset finance among larger companies was not shared by its smaller customers. She added: “We will continue to offer asset finance to Barclays Corporate customers where we are satisfied the asset provides suitable security
Margin up at CHG-Meridian
CHG Meridian Deutsche Computer Leasing reported a 10 percent increase in new lease originations last year, largely fuelled by its international business. Weingarten-headquartered CHG Meridian booked 661m in new business of which 317m came from its activities abroad
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BNP Paribas partners with Syneron
BNP Paribas Leasing Solutions has signed a vendor finance partnership with global aesthetic device company Synerol Medical to cover its major European markets. The framework agreement will initially cover France, Italy, Spain, Portugal, Germany and the UK, with plans to expand into additional countries in the future.
GE Capital secures invoice finance deals
Asset based lender GE Capital has provided two new large funding lines to UK companies Consumer electronics group Armour Group Plc is getting a £18 million line of finance to support the companys future growth plans.
Ebitda rise for 3 Step IT
Finnish ICT equipment lifecycle specialist 3 Step IT has ambitious growth plans, with strengthening its international network on top of the list. The company reported EBITDA growth of 35 percent to 10m in the year to 30 December 2010, compared to 2009
UK leasing 5% up in December
New leasing business by Finance and Leasing Association members grew by 5 percent to £1.7bn (2bn) in December 2010 compared with December 2009 Business finance which includes telephone systems and catering equipment saw the strongest rebound, increasing 59 percent to £208m in December 2010
German leasing back to growth
Germany’s leasing has emerged from the crisis as one of the strongest markets in Europe, reporting growth of 4 percent for 2010