All articles by Jason T
Jason T
De Lage Landen launches clean technology financing business
De Lage Landen (DLL) has launched a clean technology group, which will focus on financing the entire lifecycle of solar projects in the commercial and government space The Dutch lessor will offer extended terms and working capital finance solutions for the solar distribution channel, as well as debt and equity financing for commercial, industrial and government projects.
GE Capital UK to support local charity
GE Capital has announced it will support a local charity, The Julian Trust Shelter, throughout 2010. The homeless shelter, based in Bristol, where GE Capital has offices, has also received £12,300 (13,600) from the GE Foundation, the philanthropic organisation of GE. GE Capital will run a volunteer community day to help upgrade the shelters dormitories, and will sponsor the trust throughout 2010 via fundraising activities, clothing and food collections.
Siemens Financial Services appoints new CEO
Siemens Financial Services has appointed a new chief executive officer to replace Dominik Asam.
Diversification should be at heart of lessors’ strategy for the coming year
One key trend likely to occur this year is the further diversification of leasing companies gone are the days where lessors can afford to simply offer leasing products to their customers
Out with the old…
Jason T Hesse looks back at the main stories that shaped the European leasing industry in 2009 and discovers 2010 cannot come soon enough for many. Following the economic storm of 2008, the year started off with European lessors taking steps to control the damage. BNP Paribas Lease Group announced it was severing broker links throughout Europe, with the companys then UK MD, Mike Dix, attributing the policy to the significantly higher default levels on broker-introduced business.
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Asset-based leasing: New world order
More funding, more collateral, more accounting Leasing Life research reveals extent of parent banks switch of allegiance to factoring and leasing. Parent banks are increasingly turning to secured asset-based lending rather than straight loans for their customers, Leasing Life research can reveal.
IT remains a sure bet
GE Capital, for example, expects IT spend to be flat or marginal in line with IDCs 3.2 percent growth prediction. We anticipate that investment in IT equipment from the small business market is likely to be flat at best, said David Dolbear, business development leader, GE Capital
Lombard offers £0.8m to green lighting firm
Lombard has provided lighting equipment distributor Green Lite Solutions UK with an £800,000 (900,000) finance line, alongside a £450,000 Enterprise Finance Guarantee loan from the Royal Bank of Scotland, its parent.
German Supplement: Renting is the future
Tractor-maker Same Deutz-Fahr GmbH speaks to Jason T Hesse about the growing role finance plays for the companys sales.
German Supplement: Banking channel growing in strength
While the vendor finance channel formed the largest proportion of German lessors business and saw the largest rise last year, business acquired through banks has also been on the rise for some time now. But what impact will refinancing issues have on German lessors in 2010?