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May 1, 2008updated 12 Apr 2017 4:49pm

CF Financial leasing revenue up 13 per cent

CF Financial leasing revenue up 13 per cent TCF Financial, a financial and banking company based in Minnesota, reported that its equipment leasing and finance unit revenues increased by 13 per cent for the third quarter of 2007, up $1.7m (£0.85m) to $15.1m (£7.5m)

By Katherine Gregory

CF Financial leasing revenue up 13 per cent

TCF Financial, a financial and banking company based in Minnesota, reported that its equipment leasing and finance unit revenues increased by 13 per cent for the third quarter of 2007, up $1.7m (£0.85m) to $15.1m (£7.5m).

The rise was due to higher sales-type lease revenue, operating lease revenue and other fees. Average assets were $1.9bn (£1bn) and non-performing assets by September 30 2007 were $9.1bn (£4.5bn), up 50 per cent on the same period in 2006.

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