All articles by Katherine Gregory
Katherine Gregory
Cattles steers clear of market pressures
Despite its volatile home market in debt recovery and lending, Cattles Plc announced a pre-tax profit increase of 24.9 per cent to £165.2m, underpinned by strong income growth of 32.7 per cent for year-end 2007
John Evans returns to the UK as VP of Key Equipment Finance
John Evans returns to the UK as VP of Key Equipment Finance John Evans has been promoted to executive vice president and managing director of international operations at Key Equipment Finance – several steps up from his current role as managing director and executive vice president of the Asian Pacific business.
Lombard signs leasing deal with Manchester Airport
Lombard signs leasing deal with Manchester Airport Lombard Vehicle Management, one of the largest vehicle leasing businesses in the UK, has won a deal to provide a car fleet solution to Manchester Airports Group Manchester Airports current fleet of 45 cars are being sold and leased-back on a contract hire basis through LVMs channels, including LVMs monitoring and asset management tool Lombard Fleet tracker, and its accident management.
New president at Key Equipment Finance
New president at Key Equipment Finance Key Equipment Finance in the US has a new president, Adam D
Bank of America in joint leasing deal with Chinese bank
America is investing in the future of Chinas leasing market with a joint agreement between Bank of America Corporation and China Construction Bank for a new business aimed at providing leasing products for the Chinese market
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Upturn at CHG Meridian despite flat volumes in Germany
CHG Meridian, the German-based IT lessor, has successfully ridden the wave of the credit crunch after announcing an impressive growth spurt in total volume of seven per cent for year-end 2007 Foreign European markets constituted the majority of CHGs 655.7m volume of business, contributing 39.4 per cent to new investment, while Germany remained at the same level as the year before
Healthy asset
IN THE FIRST IN A MONTHLY SLOT ON ASSET-BASED LENDING (ABL), FACTORING AND INVOICE DISCOUNTING, KATHERINE GREGORY REVIEWS WHY ABL IS THRIVING AMID THE CHAOS OF THE CREDIT CRUNCH
Davenham rides the market’s shockwaves with certainty
Davenham, the specialised SME lender and financier with asset finance, trade finance and property finance divisions, also recorded pre-tax profit growth of 17 per cent to £6.1m for half-year December 2007, and a loan portfolio increase of 35 per cent to £289m for the same period
CF Financial leasing revenue up 13 per cent
CF Financial leasing revenue up 13 per cent TCF Financial, a financial and banking company based in Minnesota, reported that its equipment leasing and finance unit revenues increased by 13 per cent for the third quarter of 2007, up $1.7m (£0.85m) to $15.1m (£7.5m)
Hansabankas in Lithuania up 87 per cent
Hansabankas in Lithuania up 87 per cent Lithuanian finance group, Hansabankas, which includes Hanza Lizingas (Hansa Leasing), announced a rise of 87 per cent in unaudited net profits for the first 9 months of 2007, up to a record 86.14m