All articles by Jason T
Jason T
German Supplement: Room for growth
While the German leasing market has been hit by slackening demand from SMEs and a depressed car market, there is still room for optimism in 2010. Jason T Hesse reports.
Leasing Life Awards: UniCredit Leasing wins top prize
UniCredit Leasing has won the title of European Lessor of the Year at the 2009 Leasing Life Awards, held last night (December 10) in Berlin, Germany Around 200 representatives from the European leasing industry gathered at the Hotel Concorde last night to attend the awards ceremony, held immediately after Leasing Lifes annual asset finance conference Commenting on the 2009 European Lessor of the Year, Brendan Malkin, editor of Leasing Life, said: UniCredit Leasing is not only Europes largest lessor by volume, but what has made it so successful was something else
NetSol to form company in Beijing, expects China will provide 25% of total revenue
The software house projects that revenue from its Chinese business will contribute nearly 25 percent of total NetSol revenue in 2010, thanks to strong growth in the Chinese automotive and financial sectors.
DLL subsidiary teams up with Renault for electric vehicle technology
Athlon Car Lease International has teamed up with vehicle manufacturer Renault in an attempt to spread electric vehicle technology. The De Lage Landen subsidiary and Renault aim to make electric vehicles available to as wide an audience as possible, starting in 2011. We have noticed a broad interest among our clients to experience and get involved in electric vehicle driving, said Hans Blink, president of Athlon Car Lease
“Modest” spending in IT next year, says IDC
IT lessors can expect a year of market recovery in 2010, according to market intelligence technology consultancy IDC. With the return of modest spending growth, IDC expects a year of recovery and transformation for the IT and telecommunications markets. IDC predicts that worldwide IT spending will grow by 3.2 percent in 2010, returning the industry to 2008 spending levels of about $1.5 trillion (1 trillion)
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Lloyds TSB Commercial Finance provides £825k asset finance to carpet maker
Lloyds TSB Commercial Finance has provided £825,000 (914,000) in asset finance for carpet maker Axminster Carpets.
2010 is all about SMEs making savings on technology – Microsoft
With businesses looking to make savings next year, Microsoft predicts that SMEs views on ownership will change in 2010, with many leasing technology assets rather than buying them outright.
RBS asset finance manager jailed for £70,000 gambling swindle
An asset finance manager from the Royal Bank of Scotland (RBS) has been jailed for two years after deceiving his employers out of £70,000 (77,600) over a nine month period. Yuen Fai James Lee abused his position as an asset finance manager at RBS to create false transactions or non-existent transactions for clients, Clare Stevens, prosecuting, told Bradford Crown Court.
Poland’s Bank Millennium aims to grow leasing business by 30% in 2010
Bank Millennium aims to grow its leasing business in Poland by 30 percent in 2010, the Portuguese BCP (Banco Comercial Portugus) subsidiary has announced. Andrzej Glinski, head of corporate banking at Bank Millennium, said that leasing and factoring were strategic products for Millennium, and that gains in factoring would be achieved thanks to investment in the banks IT systems. Currently, 60 percent of Millenniums leasing business is sourced through its banking clients, and Glinski said the goal was to grow the number of SME customers.
Siemens Financial Services: profit and return down significantly
Siemens Financial Services saw profit fall by 31 percent year-on-year in the three months to September 30.