All articles by Brendan Malkin
Brendan Malkin
VTB rated BBB+ by S&P
VTB Leasing continues to make its mark in Europe with the announcement that its Russian arm has received a stable rating by Standard & Poors. During the first six months of 2007 the lessors total portfolio grew year-on-year by 95 per cent to total $2.4bn, although revenues during this period increased only marginally by $4.5m to $65.7m Today VTB-Leasing Finance, one of Russias largest lessors, was assigned by Standard & Poors a BBB rating, and the outlook for its future was described by the credit reference agency as stable.
UK lessors ranked in top 100 fastest growing companies
UK lessors ranked in top 100 fastest growing companies Manufacturers, packing specialists, installation companies all these feature in the Sunday Times just published list of the UKs fastest growing companies
DLL makes second assault on Nordic leasing sector
DLL makes second assault on Nordic leasing sector De Lage Landen, the pan European lessor, has launched a bid to buyout Nordic lessor IT Finans AG Carlo van Kemenade, COO of De Lage Landens European operations, made clear his plans to acquire the IT and office equipment specialist in a statement released today.
State Securities reaches £150m in outstandings
State Securities reaches £150m in outstandings State Securities, the UK asset based lender specializing in the subprime market, reports reaching £150m in outstandings Andrew Bullard, States sales director, said: The majority of business generated comes via State Securities network of finance brokers based around the country with whom we have built up excellent open and honest relationships
Loan for Brunswick Rail Leasing
Brunswick Rail Leasing has received funding from several banks as part of a five year syndicated loan worth $385m The loan was arranged by BNP Paribas and Societe Generale Corporate Investment Banking, and included funding from the IFC, which provided an additional $80m loan.
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Welcome to the future
As the value of lease portfolios spiral downwards, are trade credits the way forward? Finance subsidiaries are feeling the pinch as the resale value of their assets continue to decline amid growing fuel prices and slackening customer demand Faced with a decline in income as a result of this sharp drop in second-hand equipment values, some companies are now seeking new ways of ensuring their balance sheets remain healthy
£1 billion pot of cash from Lombard to help refinance RBS customers
New MD of Lombard reveals his plans for the future of UKs number one lessor Just a few weeks into his new job at the helm of Lombard, the UKs largest leasing company, and Alex Baldock is filled with optimism. The credit crunch, he explains, has put the leasing industry in the enviable position of being able to hoover up masses of new work.
Nationwide expansion Capital profits RBS
Franking machine captive finance company Nationwide Capital Finance (NCF) expects to double business during 2009.
Leasing dream team joins Pelham Olive’s outfit
A roll-call of the UKs top lessors, including Lord Mitchell, a former equity holder in Syscap, has joined an infrastructural services business run by Pelham Olive.
Paradise lost or to be gained?
Paradise lost or to be gained Turkey has been on the back foot for several years as a result of swingeing legislation Will a wave of new laws redress the balance