All articles by Fred Crawley
Fred Crawley
Amstel Lease rolls out new Aia ITP Document Platform
Dutch lessor Amstel Lease has deployed Aia Softwares ITP Document Platform system to complement its existing SAP Leasing software, in a move intended to streamline invoice document generation. The Aia ITP Server draws data from Amstels Oracle database in an automated overnight process, meaning that Amstel Lease employees can now start their day with a pre-printed stack of invoices ready to be processed.
Slovakian Raiffeisen subsidiary sees profits plunge, predicts difficult quarter ahead
Tatra-Leasing, a subsidiary of Raiffeisen Group-owned Tatra Bank in Slovakia, saw 2008s year end profits down 29.9 percent year-on-year, despite a 12.2 percent rise in new business to reach a value of 332.6 million. Shareholders of met this month to decide on the distribution of last years 1.82 million profit.It was decided that 27.5 percent around 500,000 would be allocated to the companys partners, with the rest transferred to a store of retained earnings.
Credit scoring behind Parfip’s business growth with Risc Group
Belgian small-ticket leasing network Parfip Lease has recently expanded the scale of its vendor partnership with French information system security provider Risc Group on the back of the lessors web-based credit scoring system. Parfip, which is active in 11 countries, first signed a partnership with Risc for the financing of its core equipment and services including data safety programs, network and telecommunication operators, virus scans and firewall programs back in 2001
With short-term rentals rising, are lessors missing out?
With the announcement by the UKs Finance & Leasing Association last month that plant and machinery finance is 44 percent down on Q1 last year, does a foray into the short term hire market present an opportunity for equipment lessors to gain extra business from a whole new market?
Greece’s second rank gain ground as banking consolidation looms
Market leader EFG Leasing, with its significant network in the SEE region to bolster it, saw a relatively mild 6 percent drop, while significant gains were seen by the countrys second rank: Emporiki Leasing (part owned by Credit Agricole), Greek Agricultural Bank Subisidiary ATE Leasing, and the leasing arm of Attica Bank., which upped volumes by 46 percent.
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EBRD to distribute ?50m to Polish SMEs
The European Bank for Reconstruction and Development (EBRD) is to provide two multi-currency loans of 25 million each to Polish lessors BZ WBK Leasing and BZ WBK Finance & Leasing.
VB Leasing profits collapse in Slovakia on back of road freight slump
The Slovakian arm of VB Leasing, owned by Austrian finance colossus Volksbank, ended its 2008 financial year 1.32 million in the red, as opposed to the 4.3 million profit achieved a year earlier. VB Leasing SK reported new business growth in the first half of 2008, but saw a sharp drop in business subsequently, due in part to the crash in European road freight and a collapse in demand for truck sales
Fight for survival in intermodal leasing markets
Having written last month about Californian Textainers strategic buyout of British container fleet Amficon, a well-timed Transport Logistics exhibition in Munich provided the opportunity to get the word on how the state of the global container leasing market is impacting on the market for leasing of intermodals containers that can be used on roads and rail as well as by sea.
Estonian arrears up 15% over April
According to the latest figures from the Bank of Estonia, bad debts are soaring in the Baltic states financial services sector, with leasing taking the heaviest part of the burden. According to the Bank, year-on-year growth in Estonias loan and leasing portfolio slowed to just 0.7 percent in April, and lending volume fell 0.6 percent compared to the previous month.