All articles by Claire Hack
Claire Hack
Cheat-proof system promises to outsmart fraudsters
Asset verification for the purposes of fraud prevention is not a new concept.
Bibby Leasing secures £26.5m
Bibby Leasing has agreed a three-year block discounting facility of £26.5m (31m) from a syndicate of funders. MD Carol Roberts said: “We will use the funding to expand in our niche sectors and particularly in materials handling.”
Outrageous luxury is so passé
Lessors are expecting a strong year for corporate jet finance owing to an upturn in the aviation sector, especially in emerging markets such as Brazil and China.
GRENKE upbeat
German funder GRENKE Group has reported 39.4% growth in total new business to 693m during the year to 31 December. Leasing grew significantly in all of the companys large international markets: France grew by 54.4%, Italy was up 157.9% and the UK rose by 139.6%
It’s character that counts
As the leasing industry emerges from recession, the job market has changed
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Return to profit for 1pm
UK independent lessor 1pm has signalled strong expectations for the year ahead following a return to profit for its financial first-half ending 30 November 2010. The company made a profit before tax of £63,000 (75,800) for the six months, compared to a loss of £226,000 for the same period in 2009.
30 under 40
The European leasing industry has a wealth of up-and-coming talent With an average age of 34 and an impressive array of achievements under their belts, they are chosen for their potential to lead the industry in exciting new directions.
Cat Financial profit dip
Cat Financial has reported a decrease in revenues of 5% to $640m (481m) for the third quarter of 2010, compared to the same period in 2009.
New lessor in China
A Taiwanese investment bank has won approval from the Financial Supervisory Commission to open a financing and leasing company in China. Industrial Bank of Taiwan, a leading investment banks on the island, claimed to be the first local financial institution able to enter the mainland finance and leasing market since Taiwan and China signed an economic co-operation framework agreement.
ILFC to open in Amsterdam
is to expand this year with a new regional office in Amsterdam. ILFC, which currently has a fleet of about 950, has also announced it intends to purchase new aircraft.