All articles by Maryann Tan
Maryann Tan
Increased staff to target medium businesses
Increased staff to target medium businesses Barclays Asset and Sales Finance (BA&SF) has been on a recruitment drive since February to increase manpower, as part of a strategic move to increase the volume of leasing and asset finance deals in the medium business segment.
IBM Global Financing cuts deal with Barco
IBM Global Financing and Belgium-based technology company Barco have teamed up to provide a new lease product intended to boost projector sales to small- and medium-size rental and staging companies
Russia and Ukraine: Growing at the same speed
Last year, Ukraines leasing market increased fourfold
Potential breaks even with vehicle hire venture
Potential Finance Group, an asset financier for the small and medium-sized sector, said its venture into the vehicle hire business broke even in the financial year ended September 30, 2007
Time to waste
David Gerrard, finance director of Veolias UK environmental services arm, tells Maryann Tan about his leasing policies
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Vendor finance JVs not living up to expectations
Vendor finance JVs not living up to expectations Peter Hunt, a partner at the consultancy Invigors, demonstrated that vendor programmes have generally failed to live up to expectations. What is telling is that 60 per cent of vendors surveyed had changed finance providers over the last two years, he said. Where a vendor programme should be cash-cows for funders providing annuity income, funders are losing businesses and relationships because of ineffective strategies.
Albury reaps rewards from withdrawal of Bank of Ireland
Bank of Ireland Business Finance, which withdrew from the UK in February, has left in its wake £20m of the materials-handling equipment market for the likes of Albury to sweep up
Dangers looming
However, lessors, faced with VAT problems and risk problems linked to small numbers of customers, could be hit hard by any Russian credit crunch
General Capital profit up six-fold but warns of slower 2008
General Capital Group Plc, the asset, property and venture finance specialist posted an almost six-fold rise in net profit to £2.5m in 2007 and expanded its loan portfolio by 60 per cent General Capital reported a 75 per cent increase in group revenue to £13.3m as it financed more equipment, real estate and new enterprises bringing its total loan portfolio to £53m last year
Engine lessor strikes landmark deal
Engine lessor strikes landmark deal Realising value from assets still tied up in operating lease contracts just got simpler with a new structure pioneered by Engine Lease Finance Corporation (ELF) In a deal advised by law firm, Paul, Hastings, Janofsky and Walker LLP (Paul Hastings), ELF and subsidiary, Aviation Lease Finance LLC (ALF), last month disposed a portfolio of 28 aircraft engines to GSI Engines Beta Limited Partnership