All articles by Jason T
Jason T
Lease accounting to raise debts by 58%
The proposed changes to lease accounting will lead to companies reporting increased interest bearing debt, leverage and earnings before interest, tax, depreciation and amortisation (EBITDA), a new study reveals.
Healthy returns at SG Equipment Finance
Foreign exchange losses blamed for profit plunge at Bank of Scotland Structured Asset Finance Limited
Nordea’s Estonian leasing arm reports strong Q3 results
The Estonian arm of Nordea has reported that Nordea Liisings portfolio contracted 3 percent year-on-year in the third quarter, to EEK 6.6 billion (422 million).
De Lage Landen and PrintFleet announce European partnership
PrintFleet, a provider of managed print software, and De Lage Landen have entered a partnership for the European market place Under this partnership, PrintFleets managed print services infrastructure and data collection software will be combined with De Lage Landens financing, billing and collection under one solution.
2010 “could bring stability” – Romanian lessors
Romanian lessors expect that leasing levels will at best remain flat in 2010, according to the countrys leading lessors. The Romanian leasing association, ALB, estimates the Romanian leasing market will reach 1.25 billion this year
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US ELFA: mixed results for October
American lessors saw year-on-year new business volume fall by 32.8 percent in October, a slight deterioration on the previous months 30.9 percent year-on-year decline, according to the latest data. The US Equipment Leasing and Finance Associations (ELFA) monthly leasing and finance index reported that month-to-month new business volume was down 8.5 percent from September to October, from $4.7 billion (3.1 billion) to $4.3 billion.
Dell: CIT bankruptcy has had “no impact”
CITs recent bankruptcy filing has had no impact on Dell Financial Services (DFS), Dells CFO, Brian Gladden, has said. In a third quarter results presentation, Gladden said: There has been no impact on DFS, and our CIT international operations are continuing to be fully operational and able to fund new business as we move forward. DFS saw new business fall by 8 percent in the third quarter, to $900 million (602.6 million), which the lessor attributed to lower US revenue
Smartfundit.com goes into administration
Smartfundit.com Limited has gone into administration, with Peter Wastell and Michael Young of Vantis appointed as joint administrators. The affairs, business and property of the company are being managed by the administrators, who act as agents of the company, said a statement on Smartfundit.coms website.
More businesses aggrieved at excessive loan arrangement fees than margins
90 percent of UK businesses believe the government needs to step up its efforts to encourage banks to lower the overall cost of lending, a new survey has revealed. The survey, conducted by Syscap, the independent IT finance provider, showed that 90 percent of businesses believe that loan arrangement fees are excessive, an even higher percentage than the 75 percent who feel that the lending margins banks are charging on loans are too high.
European lessors positive about 2010 – survey
The Leasing Life Invigors pan-European asset finance barometer showed that two thirds of asset finance professionals anticipate new business volumes to increase in the next six months, up from 45 percent in April