All articles by Jason T
Jason T
De Lage Landen signs JV with Dutch CV dealer Truckland
De Lage Landen has signed a joint venture agreement with Truckland Group to launch Truckland Lease The new joint venture will allow Dutch CV dealer Truckland to offer in-house financing to its customers. At this moment, up to 95 percent of all Trucklands sales are financed, 40 percent of which through Trucklands direct involvement, said Jan van Beek, the newly appointed managing director of Truckland Lease
IBM GF expands cloud offering with virtualisation partner
IBM Global Financing has further enhanced its cloud-offering credentials through teaming up with virtualisation software provider VMware and offering a bundled financing package. The financing package combines IBMs System X product line, including blade, rack and tower servers, with VMwares vSphere software, first introduced in April
China to approve 10 more financial leasing companies over next two years
The China Banking Regulatory Commission (CBRC) has said it will approve 10 more banks to set up financial leasing companies within the next two years. Shanghai Securities News cited a senior official at the CBRC, saying that the financial leasing companies will be set up to help finance SME companies. Chen Oiong, deputy director of the non-banking regulatory department at the CBRC said that since Beijing revised regulations in 2007, six Chinese lenders, including Industrial & Commercial Bank of China and China Construction Bank Corporation have launched financial leasing firms.
The Austrian hotline
Leasfinanz, BAWAG PSK Leasing and Raiffeisen Leasing leased the assets, while scores of disgruntled doctors were the victims. Jason T Hesse reports. When doctors were approached in early 2008 and asked to work on a Health Hotline from which patients could get a second medical opinion, most thought that it was a good idea.
Trouble brewing for lessors over lease accounting debate
Majority of lessors believe changes will lead to downturn in leasing uptake Lessors have until 17 July to submit their comments on the International Accounting Standards Boards (IASB) discussion paper issued in March this year, which sets out the boards proposals on changes to lessee accounting.
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IT Factory: The leasing crime of the century?
The incredible story of how a former bodybuilder stole almost 112m from a host of top lessors and banks reads like a John Grisham thriller No wonder six books have already been written on the scandal that has shaken to the core the likes of Nordea Finans and Siemens Financial Services
One year on – leasing arms of British banks move to Santander model
The long-awaited merger between Santander and Abbey, Alliance & Leicester and Bradford & Bingley is finally beginning to take shape; although the banks remain tight-lipped about the future of their leasing divisions, Jason T Hesse discovers One year on, the Spanish bank, which acquired Abbey in 2004 and Bradford & Bingley last September, is still working on a strategy to try to bring the banks leasing arms together.
Belgian lessors see double-digit growth
Equipment leasing in Belgium grew by 10 percent last year, to reach 4.3 billion at the end of 2008, according to the latest statistics from the Belgian leasing association, BLV-ABL. Of leases signed by Belgian lessors, finance leases accounted for 58.6 percent and operating leases for 41.1 percent
Toshiba Tec starts leasing its own equipment
With lessors becoming more selective about what business they will write, global print manufacturer Toshiba Tec has taken matters into its own hands. We have started to take equipment onto our own books, and lease it out to customers ourselves, said Steve Hewson, marketing director at Toshiba Tec in the UK.
Slovakia reports drastic fall in new leasing contracts
New leasing contracts in the first quarter of 2009 fell by over 40 percent year-on-year in Slovakia, according to new figures from the Slovak Leasing Association (ALSSR). Despite the Slovak leasing market growing by 6.5 percent overall in 2008, a large 70 percent reduction in the volume of new contracts in the cargo transport sector has hit the industry hard.