All articles by Maryann Tan
Claas sees greater financing opportunities for harvesters
Claas sees greater financing opportunities for harvesters Most equipment manufacturers may be bracing for lower demand as the global economy slows down But with the world on the brink of a food crisis and leaders pledging billions in support of agricultural development, the outlook for Claas KG aA mbH, the German producer of crop harvesters, looks bright, at least for the short term.
Captive finance might one day displace vendor finance
Captive finance might one day displace vendor finance In June Leasing Life hosted its fourth vendor finance conference Alan Leesmith, a partner at The Alta Group, a consultancy, discussed changes in the market for captive finance and its implications on lessors and their vendor finance strategies.
KEF “fairly resilient” amid crunch, new chief says
With American banking groups taking their turn in the line to report damage theyve taken from the mortgage crisis, sceptics may be watching for bad news to filter out of KeyCorp and on to its subsidiary, Key Equipment Finance (KEF)
Crisp-Jones, managing director of the Oak Tree partnership, a brokerage based in Warwickshire
Alliance & Leicester reports 34% fall in profits
Alliance & Leicester (A&L) has reported a 34 per cent decline in net profit after it wrote down the value of its investments by £185m amid deteriorating financial conditions. A&Ls core operating profit before write-downs was £602m for the fiscal year ended 31 December 2007, a 2.9 per cent increase over the previous year
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Hypo scoops ?19m profit in Serbia amidst Ukraine boom
Hypo scoops 19m profit in Serbia amidst Ukraine boom The emerging markets of Eastern Europe are shaping up to be a formidable contributor to the earnings of Hypo Alpe Adria Leasing. According to Stefan Duller, Hypos managing director, who oversees the groups expansion strategy, South Eastern Europe (SEE) made up close to 80 per cent of the 2.7bn in new business volume for 2007 SEE leasing volumes are expected to sustain that share for this years forecast new business volume of 3.3bn.
Despite 2007 being the best year ever for Dutch leasing, this year may not bode so well
Despite 2007 being the best year ever for Dutch leasing, this year may not bode so well Recent vendor finance court case puts lessors on the defensive, while the captive market remains small. The Dutch leasing market sprang a surprise last year when it recorded a 24 per cent increase in production volume to over 6.1bn.The Dutch leasing association, NVL, called this the highest ever result in its 35-year history. What made it more impressive was the fact that in other mature markets in Germany, Belgium, the UK and France, business volume grew at an average of only 6.5 per cent in the same period.
Italian lessors bed down for summer of M&A
Aptly, executives at Banco Popolare, the largest shareholder of Banca Italease, have not concealed their motive to find a partner for Italease
BA-CA Leasing triples 2007 net profit
With a market share of 12 per cent in terms of new-business volume, BA-CA Leasing is a leader in Austria, ahead of Raiffeisen Leasings 11.5 per cent, Porsche Bank (9.2 per cent), Immorent (8.3 per cent) and BAWAGPSK Leasing (6.4 per cent)
1pm returns to black with six-month profit
1pm Plc, the independent small ticket lessor, reported a return to profit in its interim results suggesting that its restructuring efforts are making progress For the six months ended 30 November 2007, 1pm posted a net profit of £23,855 on revenue of £395,708