All articles by Brendan Malkin
Brendan Malkin
DfT decision not to lease trains is ‘one off’
Plans by the Department for Transport to buy rather than lease a large fleet of diesel trains and carriages will not at this stage be extended to other procurement programmes, a spokesman for the department told Leasing Life.
Clydesdale sees growth despite exiting operating leasing
Clydesdale sees growth despite exiting operating leasing The asset finance arm of Clydesdale Bank claims to have seen double digit growth in volumes over the past six months, despite its decision at the end of 2007 to pull out of taking residual value risk on deals. The bank-owned lessor said it is hoovering up the large number of deals that other lessors are refusing to underwrite because of the effect the liquidity crisis is having. While still in some geographies deals are keenly priced, it is no longer the case that a quote will be thrown out and there will be eight leasing companies quoting, said Ian Barr, its head of asset finance
Greek lessors forge new business opportunities in foreign markets
Ioannis Klokidis, managing director Aspis Leasing SA and Aspis Credit SA, and also president of the Greek Leasing Association, recalls how 25 years ago, when he began his leasing career, Greece was awash with foreign-owned leasing companies
Delva steps down from Fortis Lease
His move follows the recent departure of another head of a giant European leasing company, Regina Prehofer, who stepped down as head of UniCredit Leasing in recent weeks to also join her finance subsidiary’s parent bank.
Leaseplan riding high on the credit crunch
Leaseplan, a lessor and fleet management specialist, is another example of a giant finance company that is smoothly sailing through the credit crunch debacle and it does not expect an awful lot of change in 2008 Last year, net profits grew 13.4 per cent to reach 239.2m, while operating income rose just less than 5 per cent to 940m
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Top lessors switch law firm allegiance
ING Lease, BNP Paribas Lease Group, Caterpillar Financial Services, Close Asset Finance, and Private & Commercial Finance have all joined Jo Davis and her team of finance lawyers when they jumped ship to Shoosmiths earlier this month.
Chinese medical leasing boom sparks new entrant
China Financial Leasing Group, which until December 2007 was called Golden 21 Investment Holdings, officially launched the new business this week, and plans to invest heavily in this sector during 2008.
Lessors buy stake in Slovakian company
CSOB Leasing Czech Republic holds 2.02 per cent of Ceskoslovenska obchodna banka AS, which became operational on January 1, while CSOB Factoring Czech Republic has 1.4 per cent
New focus on leasing to professionals in Romania
New focus on leasing to professionals in Romania The business of financing professionals is picking up in Eastern Europe with the decision by Bucharest Stock Exchange-listed Banca Transilvania to extend credits totaling 1bn to Romanian doctors and dentists. The Romanian banks finance arms include BT Leasing, formerly BT Leasing Transilvania which last September was loaned 5m to finance small and medium-sized enterprises (SMEs) across Romania
Lombard scoops lucrative British Gas deal
Lombard scoops lucrative British Gas deal Lombard Vehicle Management (LVM) has scooped a lucrative deal for the financing of 1,000 specialist engineer vans for its long term client British Gas