All articles by Antonio Fabrizio
Antonio Fabrizio
Italy’s Banca Agrileasing to support SME firms expanding in Tunisia
Italian lessor Banca Agrileasing is offering to support its SME-sized customers wanting to expand their business activities in Tunisia. Earlier this month the companys management team met in Rome with the ambassador of Tunisia, Habib Achour, to discuss the opportunities for Italian firms that look at leasing as way of financing their activities in the North African country. During the meeting, the ambassador said Tunisia was keen to develop a preferred channel with Banca Agrileasing, giving the lessors customers information about investment and business opportunities in the country.
German equipment investment down by 16.2 % in Q1 2009
German companies investment in equipment dropped by over 16 percent in the first quarter of 2009, figures from the German Federal Statistical Office have shown. According to the figures, during Q1 2009 German enterprises invested 16.2 percent less in machinery, equipment and vehicles than in the last quarter of 2008.
GE’s Tip Trailer Services to supply refrigerated trailers for ASDA
GEs Tip Trailer Services has been chosen as the preferred supplier of ambient and refrigerated trailers for ASDA. The UK retailer has extended until the end of 2009 its relationship with the GE division for transportation and logistics, securing with it its trailer requirements for both ambient and temperature controlled products.
Invigors to develop specialist interim management business for European lessors
Asset finance veteran Stephen Bassett and lease consultancy Invigors have joined forces to develop Invigors Interim, a specialist interim management business for the asset finance sector.
Northgate agrees on refinancing terms with lenders
Van hire firm Northgate has reached an agreement on the terms of refinancing with its major lenders, after discussions started earlier this year. The company announced that its banks and private placement note holders have agreed to defer a second time the date of certain of the covenant tests, from June 30 to August 31.
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Intesa Sanpaolo offers SME customers chance to defer leasing payments
Italy’s banking group Intesa Sanpaolo is offering its SME-sized customers the possibility to postpone by one year the payment of their loan and leasing instalments.
UK CV registrations down by 50% in May, says SMMT
New truck registrations decreased by 44 percent compared with one year ago, while vans dropped by 50.2 percent, bringing total registrations to 271,761 units, or 49.2 percent down.
Lombard signs £12 million deal with the AA for recovery vehicles
Lombard Vehicle Management (LVM) will supply 167 recovery vehicles to the Automobile Association (AA) in a deal worth almost £12 million (14 million). The asset finance company, which has already provided the AA with around 2,400 assistance vans and other types of vehicles, will supply the new vehicles between now and the end of 2010 under a five-year operating lease agreement.
Swedbank to increase internet services to clients with leasing contracts
Swedbank is to provide a series of additional internet services to allow its clients to keep track of their lease contracts, the company said. The leasing arm of the Nordic bank, which operates in Sweden and the Baltic countries, said that customers will be able to obtain a complete overview of their leasing and instalment contracts in the internet bank. It said that clients will be able to access the contracts, grouped by product area, and view unpaid invoices, which can then be immediately paid online
Can mobile phones increase efficiency?
String of leasing software companies planning to sell mobile phone lease technology Historically, lessors have not used mobile phone technology as a standard way of conducting their business But according to some leasing software providers, as mobile phones are now able to perform most functions previously restricted to computers, things could soon change.