All articles by Antonio Fabrizio
Antonio Fabrizio
Prospects vary in recession-hit CEE
While in Poland bad debt and defaults appear to be under control, in Romania an already bad situation looks set to get even worse in 2010 Prospects for Eastern European lessors might generally be bleaker than for their Western European counterparts, but reports often fail to take into account the significant differences existing between individual countries.
Expansion and anti-fraud systems on way
As new ways to monitor risk become more in demand, technology will continue to be a core element of lessors needs in 2010. Also, todays major software systems now have multi-currency, multi-language and multi-GAAP capabilities in place which are expected to attract increasing interest from lessors across Europe and beyond. Besides these investments in systems geared to improving efficiency, there is also a greater focus on real-time data to help detect signs of default more quickly and increase a lessors ability to detect fraud.
Return to positive demand in helicopter finance
This, according to Matthew Harvey, head of asset finance at law firm Denton Wilde Sapte, is because helicopter financing has always been a niche sector, which is particularly tied to specific industries, like the oil and gas sector
2010 predictions: New Year joy for SMEs?
Small and medium-sized enterprises have long been the bread and butter for many European leasing economies, but the recession in 2009 turned the market on its head. In the UK, Chris Stamper, chief executive of ING Lease UK, believes that the SME market will not improve until the second half of the year.
Green finance: back in business
Preliminary figures from international renewable energy consultancy New Energy Finance showed that in 2009, global investments in clean technology (via project finance, asset finance, etc) dropped from $155 billion (106 billion) to between $105 billion and $115 billion, following the shortage of debt finance caused by the banking crisis.
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Italian yacht leasing shows promise for next 12 months
A study undertaken by Monte dei Paschi banking group and its leasing subsidiary MPS Leasing specifically mentioned yacht leasing as an area which should grow in 2010.
Manheim opens new UK remarketing centre
Manheim Auctions is to open a new auction centre at Bruntingthorpe in Leicestershire, increasing its remarketing network to 21 centres across the UK. The auctioneer said that the first sale at the new centre will be held in January, and that the auction programme will expand during 2010 with regular car, van and truck sales on behalf of manufacturers and leasing companies. Manheim Auctions and Remarketings MD Mike Pilkington said: We are already in advanced discussions with several major fleet and manufacturer vendors who are keen to take advantage of the obvious attractions to both buyers and vendors of the location and facilities available.
Daimler FS appoints new chairman
Daimler Financial Services has appointed Klaus Entenmann as its new chairman. Entenmann, who was president and CEO of Daimler FS Americas, succeeds Juergen Walker, whose contract is ending as scheduled.
SGEF to finance medical equipment in Spanish hospital
SG Equipment Finance will lead the largest leasing operation in Spains private health sector, it has been announced
Banca Agrileasing in renewable energy deal
Banca Agrileasing will finance a 12 million photovoltaic plant in central Italy, the company has announced. The project is being developed through a leasing-project finance structure for Energie S.r.l., a joint venture between EDF EN Italia and TerniEnergia, both widely active in the renewable energy sector.