All articles by Fred Crawley
Fred Crawley
Leasing markets on the rise
Bulgarias leasing market grew year-on-year by 59 percent during 2008 to reach BGN5.8 billion (3 billion), according to the countrys Central Bank.
Renewables still booming as Deutsche and Crédit Agricole sign green deals
The new year has seen two major European lessors invest heavily in renewable solar energy projects, while statistics printed in the publication Renewable Energy Focus have shown such solar investment growth to be at the forefront of a surprisingly healthy sector.
FLA seeks guarantees
The Finance & Leasing Association (FLA) has called for a government guarantee scheme to kick-start leasing finance for SME customers.
Daimler Financial Services to offer corporate leasing in Romania
A new subsidiary of Daimler Financial Services (DFS) has been set up in Romania, and will provide leasing, finance and insurance for vehicles made by DFS’s parent manufacturer, Daimler Finance and leasing for cars, both new and used, and commercial vehicles will be offered by the new Daimler offshoot, which has a medium-term contract volume target of 300m, according to MD of Mercedes-Benz Financial Services Romania, Andreas Lehr.
Romanian police car deal sparks national furore
Romanian police car deal sparks national furore A Romanian leasing company has found itself at the heart of a political uproar that has seen defence meetings suspended, the interior minister called a liar and the head of the police force dismissed. Ex-police chief Gheorghe Popa was deposed following the signing of contracts with Romanian lessor Ager for the lease of depending on who you ask in the considerable media coverage of the scandal somewhere between 392 and 2,000 Dacia Logan special vehicles.
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Cruising speed
More and more players are leaving the superyacht finance market Yet some banks still regard itas a profitable business with a good future. What does the future have in store?
Barclays provides ?39m for wind farm
Barclays Commercial Bank has provided a 38.9 million finance facility to AES Corporation subsidiary Wind Energy Limited for the construction and operation of a 22-megawatt wind farm in North Rhins, Scotland.
Disappeared: Orion, Cheshire, Trident, 5 Diamond
As the implications of the current recession for lessors become more and more grim, it is not just the big companies that are struggling.
HSH Nordbank plans to halve asset base by 2012
Shipping bank HSH Nordbank is due to wind down its 800 million container leasing operation as part of wider cost cuts across the whole business.
Impact Handling parent cuts staff
South African construction, industrial and mining lessor Eqstra Holdings, which owns Hull-based UK forklift rental group Impact Handling, is to cut up to 7 percent of its 4,500 staff as a result of decreased demand in its markets of operation.