All articles by Antonio Fabrizio
Antonio Fabrizio
Moi up at Leaseurope
Leaseurope has chosen one of Italian leasings most international faces to be its new vice chair with the appointment of Massimiliano Moi, CEO of UniCredit Leasing. Moi said: My involvement is aimed at contributing to the success of all initiatives at European level which can support the recovery of a sector such as leasing, which has always been an important driving force for investment growth.
Eurofactor partners with OSEO
Credit Agricole Leasing & Factoring (CAL&F) has signed a partnership with French government-backed bank OSEO to support small start-ups and SMEs in their expansion strategy. OSEO is to work alongside CAL&Fs subsidiary Eurofactor to help provide financing and credit management solutions to small businesses by putting an annual guarantee package at their disposal.
UniCredit partners with Ford
UniCredit Leasing has signed its first partnership with US vehicle manufacturer Ford to provide wholesale, retail and lease financing to the Romanian market. The new venture, Ford Leasing, will enable Ford buyers to obtain leasing through a network of 37 Ford dealers across the country and could be the start of a wider European co-operation between the two companies. UniCredit Leasing has a string of partnerships with carmakers in Europe, including Renault in eight countries, BMW in six countries,and Mazda,Hyundai and Subaru; as well as with Iveco and MAN for commercial vehicles.
Daimler FS’ profits soar
Daimler Financial Services has claimed to have turned a corner this year, reversing its slow performance in 2009. Earnings before interest and tax are expected to reach 900m for the year to 31 December 2010 Daimlers finance and insurance arm achieved profit of just better than breakeven at 9m in 2009, due to increased expenses related to higher credit risk.
Deutsche Leasing outperforms market
Deutsche Leasing reported new business volume down 6 percent to 7.8bn for the year to 30 September 2010, in line with expectations. The results show Germanys largest leasing company maintaining a strong position in its core markets and improving from last year in specific asset classes.
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Call for proportionate policy
A study of European business reveals a cautious investment outlook and warns of the cost of new regulations European business lobby group BusinessEurope has called on policy-makers to make restoring access to finance a top priority and to be mindful of cost of capital when introducing new regulations.
A short history of finance in Ireland
The Irish government reveals a worst-case price tag of 50bn to clean up its banks, of which 34bn is to wind down stricken Anglo Irish Bank.
Work-life quiz: Orazio Totaro, UniCredit Leasing
Current job: Head of business strategy and customerchannel satisfaction at UniCredit Leasing, with responsibility for strategic projects, research and benchmarking, customer relationships and customer satisfaction
German market grows in 2010
Leasing volumes in Germany are expected to rise 4 percent to 43.6bn this year compared to 2009 A boom in the second half of 2010 offset the decline of previous months, and indicated that 2011 may be a strong year for Germany. The figures from Germanys national leasing association BDL showed that mobile assets increased by 2.5 percent to 41.1bn in 2010
Lessors in NHS beauty parades
Nine leasing companies have been chosen for a £100m (117m) a year framework agreement with the NHS.