All articles by Fred Crawley
Fred Crawley
Market up 3% despite funding shortage
The German leasing market is expected to have grown by 3.3 percent in 2008, according to preliminary figures released as part of a statement by national leasing association BDL.
Lessor wins in Gwent fraud battle of innocents
Weatherbys Finance Ltd has received compensation for its involvement in the ongoing Gwent Fleet Management (GFM) fraud case, which has caused over £3 million (3.4 million) in losses for more than 30 UK financiers.
KBC Lease UK ditches brokers and targets vendor finance
KBC Lease UK has dropped its broker sales channel and also made redundant all of its broker desk staff.
Turkish leasing tax cuts planned
Turkey, once heralded as a lessors paradise (see Leasing Life Issue 178), may be due for a return to form, as Turkish finance minister Kemal Unakitan announced potential leasing industry tax cuts as part of the countrys economic stimulus measures.
Surrey in solid position following 30% growth
Surrey in solid position following 30% growth Surrey Asset Finance has reported an end-of-year pre-tax profit of nearly 7 million up to 31 July 2008, a figure that reflects a 28 percent increase from the previous year. The Close Asset Finance subsidiary, which specialises largely in print finance, now plans to focus more solidly on joint ventures, such as its profit-share agreements with brokers such as CC Technology and GB Asset Finance.
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Hungarian leasing business volumes expected to drop 20%
Hungarian lessors face a 15-20 percent decrease in business volumes in 2009 due to a battery of new regulatory issues introduced by the countrys central bank and other supervisory bodies.
The final countdown
For Friedhelm Westebbe, 2009 will not only be his final year in charge of the German Leasing Association but also one of the most challenging of his career. He speaks to Fred Crawley.
Our operations man in the East
As Raiffeisen-Leasing International settles down after years of expansion, and also defends itself against the credit crisis, Fred Crawley catches up with Michael Hackl, the man in charge of its back-office operations.
SMEs throw lifeline to lease brokers and lessors
Invoice finance, encompassing factoring and invoice discounting, is seeing a rapid increase in interest from the UK SME market as the recession plunges on.
DLL solid with ?235 million profit
Dutch vendor finance giant De Lage Landen has reported a 235 million net profit for 2008, and a 13 percent growth in its lease book over the year to 23.3 billion.