All articles by Jason T
Jason T
Universal Leasing buyout part of ?150m fundraising drive
The management of Universal Leasing Ltd has bought out 75 percent of the business from its parent company, GFKL Financial Services AG.
Siemens: 71% have invested in green equipment
A new study reveals that 71 percent of European firms have invested in energy-saving equipment, and 43 percent have acquired equipment with a reduced carbon footprint. Yet, two thirds of firms also cited the cost of green equipment as the chief obstacle to further investment.
Behind the figures
Each month, Leasing Life analyses results posted by lessors over the previous four weeks to discover the latest trends in the industry. Jason T Hesse looks at those published in February 2009.
New broker policy at Investec
In response to the economic turmoil, Investec Asset Finance (IAF) has dramatically changed its policies for accepting business from brokers.
Funding loss for 1pm
Small ticket lessor 1pm is seeking new funding after seeing its funding lines cut by 15 percent.
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IDC: finance gap widening in channel
The gap between customers IT financing requirements and channel partners capabilities has widened further, according to new research from market intelligence consultancy IDC.
Turmoil sees UniCredit and BNP Paribas put Russian leasing arms on hold
UniCredit Leasing has been forced to put its expansion plans in Russia on hold because of the economic turmoil, despite having seen year-on-year growth in the country. We are planning on opening three or four additional branches next year and doubling our staff, explained UniCredit Leasings Manuela Pahoinig, head of sales, CEE markets, but we are now waiting for the economic situation to stabilise before going further. BNP Paribas Lease Group has also put its Russian operations on hold because of economic factors
Fortis Lease and BPLG begin merger talks
Fortis Lease and BPLG begin merger talks Following BNP Paribas 14.5 billion acquisition of Fortis operations in Belgium and Luxembourg, BNP Paribas Lease Group (BPLG) and Fortis Lease are taking steps to combine their structures.
Taking control
As the downturn grips the Swedish finance market, the head of credit at Nordea Finance in Sweden talks to Jason T Hesse about just how much of an effect it is having on his business.
Lessors beginning to lose out in ongoing battle for office reprographics business
In a sector where up to 95 percent of equipment is financed, office reprographics has, over time, become a profitable industry for leasing companies throughout Europe. The picture is becoming less rosy, however, as the recession begins to affect the European market directly.