All articles by Lorenzo Migliorato
Lorenzo Migliorato
Conister owner Manx acquires broker in £4m deal
Isle of Man-based Manx Financial Group has agreed to acquire broker Blue Star Business Solutions, trading as Bluestar Leasing, in order to boost business for subsidiary Conister Bank.
EIB shares risk on part of Rabobank’s SME loans
The European Investment Bank (EIB) and sister organisation the European Investment Fund have shared the risk on a portfolio of Rabobank loans to Dutch SMEs.
Slovenia’s Aleasing to merge into Erste’s Sparkasse brand
Aleasing, the leasing arm of Slovenia’s third-largest bank Abanka, is to merge into the Sparkasse brand following the sale to Sparkasse’s parent Erste.
Hampshire Trust Bank provides £300,000 to media equipment lessor
Hampshire Trust Bank (HTB) has provided a £300,000 (€342,000) funding line to Medialease, a lessor and broker for media equipment.
British Business Bank adds Aldermore to asset finance guarantee scheme
The British Business Ban has accredited Aldermore under the Enterprise Finance Guarantee (EFG) scheme, which backs finance-seeking SMEs with a credit guarantee.
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Close Brothers AF appoints sales manager in Scotland
Close Brothers Asset Finance (AF) has appointed an area sales manager for the north of Scotland.
FOS to carry out internal review after Channel 4 undercover report
The Financial Ombudsman Service (FOS) is to carry out an internal review following an exposé on Channel 4’s “Dispatches” programme, chief executive Caroline Wayman has said.
Metro provides £7.5m in facilities to horticultural business
Metro Bank has provided a £7m (€8m) invoice finance facility and a £500,000 asset finance facility to UK horticultural business the Newey Group.
STB asset finance revenues up 9% as it reassesses Haydock partnership
Secure Trust Bank (STB) saw asset finance revenues for 2017 grow 9% to £8.5m (€9.7m) year-on-year, as the business reassesses its partnership with broker Haydock Finance after the latter’s acquisition by an investment management firm.
FLA: Asset finance new business grows to £2.3bn in January
Asset finance new business grew 3% year-on-year to £2.3bn (€2bn) in January, figures from the Finance and Leasing Association (FLA) have shown.