All articles by Valerie Noury
Syscap launches school carbon offsetting programme
Independent IT financier Syscap has announced a programme to offset carbon emissions for all of the IT equipment that it leases to schools within the UK. The scheme, launched on June 1, aims to offset carbon emissions in Kenya with the collaboration of the African Energy Efficient School Stoves Project
Czech leasing down by 29%
Czech lessors provided a total of CZK 41.8 billion (1.6 billion) of finance in the first quarter of 2009, some 29 percent down year-on-year, according to the latest data from the Czech Leasing and Financing Association (CLFA). In the first quarter of the year CLFA members financed machinery, equipment, and transport vehicles worth CZK 10.7 billion through leasing; representing a year-on-year drop of 52 percent
ABC to market more Islamic products
Bahrain-based ABC Bank has announced that it will begin marketing Islamic financial products to European clients that have found themselves constrained by the sustained gridlock in the credit markets. We are aiming to target the wholesale market, especially companies in Europe that are interested in seeking Islamic finance solutions, for example sukuk, leasing, and general corporate facilities,” said Faisal Alshowaikh, the newly- appointed head of Islamic financial services at ABC International.
Countrywide’s leasing arm signs 100th contract
Worcestershire-based Countrywide Asset Management has announced that it has signed its 100th new finance contract since it was launched in August 2008.
EMC Global Financial Services teams up with storage distributor Magirus
Storage distributor Magirus has teamed-up with EMC Global Financial Services to launch Magirus Credit Solutions (MCS), a service aimed at freeing up resellers credit lines through flexible finance packages.
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BLP strengthens asset finance presence with Richard Hughes
Law firm Berwin Leighton Paisner (BLP) has hired a new partner, Richard Hughes, recently departed from the London arm of US-based Sidley Austin. Hughes, who will advise on asset finance as well as structured finance, securitisation, and property finance, will take the headcount of BLPs London banking and capital markets practice up to 16.