All articles by Katherine Gregory
Katherine Gregory
New finance leasing company in China
New finance leasing company in China Regulators are opening doors for lessors in China with the Industrial and Commercial Bank of China – which has just established a new financial leasing company – leading the way.
Eastern promise
Eastern promise Central and Eastern Europe is becoming a hot destination for invoice discounting and factoring Invoice discounting and factoring are not only massive growth sectors in the UK and Western Europe during these times of tightened liquidity, but they are also becoming increasingly popular in Central and Eastern Europe.
Bar Cap’s Funding Corporation closes leasing arm
TFC, which is backed by Barclays Capital, now only provides motor finance through its subsidiary, ACF Car Finance, a non-prime finance division, and straight loans for home owner customers, according to a source in TFCs customer service department
Asset finance in turmoil as credit crunch hits home
The real impact of the credit crunch was driven home last month with the closure of the UK asset finance divisions of two banks, Bank of Ireland and Kaupthing Singer & Friedlander,while at least one other large bank lessor is believed to have temporarily last month closed to new business one of its asset based lending arms.
Fortis to outsource factoring to satisfy regulators
Fortis to outsource factoring to satisfy regulators Despite plans to complete the acquisition of ABN AMRO by a consortium led by Royal Bank of Scotland, Fortis Group is still in the dark about the future of its leasing and factoring businesses
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Leasing on the rise in Latvia
Leasing on the rise in Latvia The Latvian financial market, one of Europes fastest growing economies, is set to experience financial difficulty, and as a result resort even more to leasing, according to a report in The Economist
Credit crunch need not be so feared
Meanwhile banks will be more reluctant to make new business loans as credit conditions tighten, which will damage capital spending and hence the economy in coming months, Goldman Sachs chief economist, Jan Hatzius said.
Brazil’s leasing laws the best in developing world
Growth in leasing is outperforming general economic growth in Latin America, according to a research by The Alta Group Latin America Region, a global consultancy While the regions GDP grew by 5.3 per cent in 2006, the leasing industry saw 46.5 per cent growth primarily due to a boom in vendor financing and infrastructure financing options Alta Groups third annual LAR 100 Report found Brazil to be the leading contributor to the developments in Latin Americas leasing market with a rise of 57 per cent in leased assets in 2006, despite having the lowest GDP growth rate in the region
West European lessors losing market share in Poland
Figures for the first quarter of 2008 show strong growth in the Polish leasing market, particularly in the movables sector everything except real estate which saw the value of leased assets rise from 1.8bn in Q1 2007 to 2.3bn in Q1 2008 a 22 per cent increase. The value of leased assets in the movables sector also increased by 2.6bn, from 14.5bn in Q1 2007 to 17.05bn in Q1 2008.The machinery and shipsrailaircraft asset classes saw largest growth.
Deal zone
A £45m receivable finance facility to Kwik Fit Insurance Services in July 2007