All articles by Antonio Fabrizio
Antonio Fabrizio
BPLG rebrands, repositions
By offering added-value services during the whole life cycle of the equipment, as well as solutions designed to meet customers professional needs, BNP Paribas Leasing Solutions helps them to grow and to succeed in their projects, the company said.
Lombard signs up small fleets
The number of small fleets signing up to contract hire with Lombard Vehicle Management (LVM) has increased by 23% in the year toend-September. The lessor reported a 10% increase in the number of contracts with small fleets (those up to 150 vehicles), in the month of September.
CALEF in major renewables plan
Crdit Agricole Leasing & Factoring (CAL&F) will participate in a 700m renewable energy project launched by the administrative region of Midi-Pyrnes and the European Investment Bank (EIB). The EIB is providing a 350m credit line to Crdit Agricole via its leasing subsidiary CAL&F and four Crdit Agricole regional banks and to Banque Populaire et Caisse dEpargne (BPCE). The two banking groups will jointly provide an additional 350 million to co-finance the programme, aimed at public and private companies, agricultural enterprises and local authorities seeking to set up renewable energy projects in the French region.
New accounting rules to impact lessees’ choices
One in two lessees could move away from leasing in the future as a result of the proposed changes on lease accounting. A survey by PricewaterhouseCoopers (PwC) has revealed that between 40% and 60% of the lessees surveyed dont expect to continue leasing the same way as today once the new lease accounting standards are in place.
Chappet to head BPLG, Bismut at Arval
BNP Paribas has reshuffled the management team at its Equipment Solutions division with two appointments. Didier Chappet will be the new CEO of BNP Paribas Lease Group (BPLG), replacing Philippe Bismut He joined BNP Paribas in 2005, as head of the back office in French retail banking
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UniCredit Leasing secures ?350m for SMEs
The latest agreement is for a 350m loan to be used for financing investments by Italys SMEs, and takes the total of loans obtained by UniCredit Leasing from the EIB to around 1bn this year
On the move: October 2010
Steve Box, managing director of HSBC Invoice Finance, has been appointed head the Asset Based Finance Association (ABFA).Box replaces Maurice Craft, managing director of Regency Factors, who held the position for a year.He has also been appointed joint head of HSBCs invoice and equipment finance businesses in the UK and will now take responsibility for both units in a structural shift aimed at streamlining the business.Richard Carter remains in his position as head of equipment finance in the UK.
Basel III impacts on leasing
Independent and bank-owned lessors will be hit by new capital requirements, writes Antonio Fabrizio. The Basel III package was agreed last month by supervisory authorities under the chairmanship of the European Central Bank president Jean-Claude Trichet
October 2010: Contract awards for European public sector deals
Contract awards for the Euorpean public sector
Region profile: Mixed perspective on Nordics
Nordic leasing held up relatively well during the crisis years of 2008 and 2009, with limited declines in new business, and credit losses staying flat. However the picture is mixed in 2010 in terms of how lessors operating in the four countries of Denmark, Finland, Norway and Sweden are faring.