All articles by Jason T
Jason T
Strong Q3 results at BNP Paribas Lease Group
Indeed, the division saw revenues grow by 6.6 percent year-on-year in Q3 to 292 million, or by 12.7 percent compared to Q2, which the lessor attributed to rebound in the prices of used vehicles, particularly in the UK The result was that gross operating income jumped by 40 percent compared to the previous quarter, or nearly 20 percent year-on-year, to 113 million
Hungarian lessors see new business fall by 66% in Q3
Hungarian lessors saw new business fall by 66 percent year-on-year in the third quarter, new figures show. According to the Hungarian Association of Leasing and Financing Companies, the value of new leases signed by Hungarian companies fell to HUF123.5 billion (444.7 million) in Q3 This decline slowed from a 70 percent year-on-year decline in Q2, and is expected to slow further for the rest of the year and in 2010, Zoltan Hordos, the association chairman, said
FLA calls for government support for SME leasing
The UKs Finance & Leasing Association (FLA) is calling for government support for SMEs that invest in capital equipment through leasing. In its pre-Budget report submission, the FLA is calling for the same capital allowances that apply to asset purchase to apply to leasing Many smaller companies that choose to lease do not have taxable profits; so if the lessor was allowed to claim the capital allowance on their behalf, the SME could reap the benefit of lower rentals, the FLA said.
SG Equipment Finance: 19% decline in new business
SG Equipment Finance experienced a slowdown in activity in the third quarter, seeing new financing fall by 19 percent year-on-year, to 1.7 billion. In Germany and Italy, two of SG Equipment Finances key markets, new financing fell by 23.2 percent and 32.4 percent respectively
Lessors commit to broker model, says BVRLA
Leading contract hire and leasing firms have pledged their commitment to the leasing broker sector, the British Vehicle Rental and Leasing Association (BVRLA) said, but warned that they are only looking for long-term relationships that produce high-quality business. The BVRLA, which represents companies engaged in the leasing and rental of cars and commercial vehicles, hosted representatives from lessors such as Arval, LeasePlan and Lex Autolease at a recent Leasing Broker Committee meeting
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Return of the securitisation
In a new section in which Leasing Life examines important recent deals, and the personalities behind them, Fred Crawley and Jason T Hesse look at two recent securitisations that have hit the equipment finance market
Is leasing losing ground?
Leasing Life research has shown that leasings penetration in the financing of moveables market is on the decline. Can leasing companies turn this to their advantage?
Voluntary liquidation at Genesis Capital Limited
Genesis Capital Limited is being liquidated by a voluntary creditors liquidation, Leasing Life can reveal It is understood that Genesis Capital Limited transferred its asset finance broking business to another entity, Genesis Capital (Finance & Leasing) Limited, last summer.
US ELFA: 31% yearly fall, but 27% monthly rise in new business
Data from the US Equipment Leasing and Finance Association (ELFA) showed that overall new business volumes for September fell by 30.9 percent year-on-year. The data was not all bad, however, as ELFAs monthly leasing and finance index, MLFI-25, also showed that month-to-month new business volume increased 27 percent from August to September, from $3.7 billion (2.5 billion) to $4.7 billion.
Europe’s number one
Philippe Bismut, head of BNP Paribas Lease Group, is spearheading his companys merger with Fortis Lease. When it happens, he will be at the helm of Europes largest lessor. He tells Jason T Hesse that while size does not matter to him, he still expects single-digit growth in 2010