All articles by Brendan Malkin
Brendan Malkin
Polish leasing market continues to grow
Polish leasing market continues to grow There are no signs of a slowdown in the Polish leasing market with the value of the countrys lease contracts up 56 per cent year-on-year. The total value of deals by year end are expected to total PLN 32bn (8.7bn), against PLN 23bn (6.2bn) at the end of quarter three 2007, according to research by the Polish Association of Leasing Companies into 36 regional companies.
Jet leasing takes off in Russia
Jet leasing takes off in Russia Prestige Jet, the private aviation company operating out of Abu Dhabi International Airport, is planning to lease a fleet of corporate jets as part of its new drive into Russia. Faris Deeb, managing director of Prestige Jet, said: In our short history, we have already seen strong growth from this market segment and we are gearing up our operations for greater expansion in 2008, through the acquisition and leasing of a number of new aircraft in the coming months.
Banca Italease may be on course for full recovery
The new plan sees the leasing and factoring company reaching a consolidated net profit of 170m in 2010, with a dividend pay-out equating to 40 per cent of net profit
Barclays beefs up its asset finance capability
The move follows the promotion of Ian Stuart from sales director to head of the banks leasing arm, Barclays Asset & Sales Finance (BA&SF)
Langley returns to Haydock as former leasing arm re-launches
Kevan Langley, who left the UK lessor and property funder Haydock Finance some 15 months ago, around the time it sold off a large part of its leasing business, is back at his old company again.
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New dawn for Siemens FS
The UK arm of Siemens Financial Services is making a fresh start Last month it closed its Bellevue Finance Ltd and Motor Contracts businesses (see Siemens to close Bellevue and Motor Contracts) Now, along with the rest of Siemens Financial Services, it is embarking on a new course aimed at increasing the amount of its parents business which it finances.
The bursting bubble
Way back in September 2007, in a month when temperatures soared and the world got to grips with the collapse of the US subprime housing market, few people in the leasing industry foresaw the unparalleled downturn that has now hit their industry.
Caterpillar FS opens in Turkey amidst a flurry of healthy results
Caterpillar FS opens in Turkey amidst a flurry of healthy results Caterpillar Financial Services continues on the expansion path with the announcement last month that it has been given a licence to operate in Turkey.
Cat FS’ Ukraine launch linked to 40 per cent expected upturn
Caterpillar expects sales in Ukraine to grow up to 40 per cent – thanks largely to its launch of a captive leasing arm in the country last October.
Invigors launches association with change management specialist
Invigors, a general asset finance advisor, and Challenge Consulting, a change management specialist, hope their new partnership, which was forged at the end of April, will enable them to cope with demand from senior management teams of leasing companies for advice on both expansion and dealing with the changed market dynamics, a spokesman said.