All articles by Antonio Fabrizio
Antonio Fabrizio
Derek Soper joins Grant Thornton
The chairman of leasing consultancy International Advisory Associates (IAA), who has over four decades of leasing experience, has joined Grant Thornton this week as a non-executive director.
Assilea: Italian lessees ask for payment holiday
Italys leasing companies received 35,000 requests to join a payment holiday scheme between August and December 2009, according to Italian leasing association Assilea. Assilea said that 28,000 applications from SME businesses were for a moratorium on equipment leasing contracts (for a six month period), and the remaining 7,000 were for real estate leasing contracts (for a 12 month period).
WCG launches new version of CALMS
The software house said that CALMS2 Web 2.0 delivers all the benefits of its CALMS platform supporting the complete lifecycle of leasing contracts together with interactive information sharing, interoperability, user-centred design and collaboration across the web. WCGs chairman Ed White commented: I believe that CALMS biggest single strength is its combination of rich functionality, together with advanced web technology to deliver real business results.
BPLG scoops major SAP deals in UK and India
BNP Paribas Lease Group (BPLG) has just won two major vendor finance agreements with global software provider SAP covering the UK and India. The Paris-headquartered lessor won a public tender to develop SAP Financings activity in the UK (which is SAPs second largest market in the EMEA region) last month
HP FS posts profit increase in first quarter
HP Financial Services (HP FS) recorded an operating profit of $67 million (49.3 million) in the first fiscal quarter of 2010 ending on January 31, up from $41 million one year before
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New head for Deutsche Leasing supervisory board
Deutsche Leasings supervisory board has appointed Alexander Wueerst as its new chairman. Wueerst, chief executive of regional savings bank Kreissparkasse in Cologne, has been vice chairman of Deutsche Leasings supervisory board for the past three years.
Daimler FS hit by bad debt, expects better 2010
Daimler Financial Services achieved EBIT of just better than breakeven in 2009 at 9 million, compared with an EBIT of 677 in 2008, due to increased expenses related to higher credit risk. The captive arm of Germanys largest carmaker said that due to lower vehicle unit sales, new business fell by 15 percent to 25.1 billion
NetSol wins deal with Chinese finance company
A Chinese finance house has just selected NetSol Technologies Business Intelligence (BI) Module, part of NetSols flagship system NetSol Financial Suite.
EBRD gives $25m to UniCredit Leasing Ukraine
The European Bank for Reconstruction and Development (EBRD) has announced a $25 million (18.5 million) credit line to UniCredit Leasing Ukraine, to provide leases to local small businesses. The loan is part of a $125 million financing package for the UniCredit Group in the Eastern European country, approved by the EBDR board of directors in 2009 The international financial institution said in a statement that the loan to UniCredit Leasing acknowledges the importance of leasing as an alternative form of financing for smaller businesses that do not have the resources to buy capital intensive equipment straight away.
New man at helm of Germany’s BDL
Germanys leasing association Bundesverband Deutscher Leasing-Unternehmen (BDL) has a new chief executive He replaces Friedhelm Westebbe, who worked in the German financial services sector for nearly 30 years, becoming head of BDL in 2002.