CSI LifeCycle Leasing buys tradefinity to build ITAD capabilities in Europe
CSI LifeCycle Leasing has acquired Germany-based IT asset disposal (ITAD) company tradefinity for an undisclosed sum. With more than 15…
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Grenke posts nearly 48% YoY growth in new leasing business
German financing firm Grenke, which caters to small and medium-sized businesses, has generated a new leasing business worth €587.4m in…
Grenke ordered to lift capital buffers by 1.5 percentage points
Grenke AG, the German-based SME asset finance provider, has been ordered by the German Federal Financial Supervisory Authority (BaFin) to…
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Germany: Leasing cements its role as a key finance alternative
Leasing activity in Germany declined in 2020, mirroring the more general economic trend across the country due to Covid. However,…
Grenke’s year of Covid and short-seller blew €45m hole in net profit
Grenke AG, a German-based global provider of leasing to SMEs, reported that a thorough audit of its 2020 finances "confirms…
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Change at the top of GEFA Bank as Zoeller succeeds Hauguel
Guido Zoeller, group country head Germany & Austria of Societe Generale, has been appointed as the new chairman of the…
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Year of Covid sees Grenke AG post 28% YoY decline in new leases in 2020
The Grenke Group, a global provider of SME leasing, achieved new leases of €2,027.9m in the past financial year 2020,…
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BNP Paribas 3 Step IT launches in Germany
BNP Paribas 3 Step IT, the joint venture (JV) between 3stepIT and BNP Paribas Leasing Solutions, said it has started…
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