peterjohnstone, Author at Leasing Life

Industry news

Leaseurope index: New business low but profits stable

European leasing volumes are at their lowest point for two years, according to the Leaseurope index for the first quarter of 2013, with sample firms reporting 14.6bn of new business.

Companies

CHP sign software deal with Nordea Finance

Nordea Finance has chosen CHP Consulting to provide back and front end systems to its Nordic divisions in a phased project over the next four years.

Bank Asset Finance

CIT enters partnership with BT Group

CIT Group has entered a partnership with BT Group, under its private label programme Avaya Financial Services (AFS).

Companies

GE Capital: Europes SMEs plan 413bn in capex

European SMEs plan to spend 413bn in capital expenditure in the next 12 months, boosted by growing confidence in Western European economies, according to GE Capital.

Asset-based Lending

Aldermore to fund soft assets

Aldermore Asset Finance has expanded its scope for lending by allowing brokers to submit proposals for financing soft assets.

Bank Asset Finance

FLA: Quarterly drop shows need for extended FLS

The UK’s Finance & Leasing Association (FLA) has said the recent Funding for Lending Scheme (FLS) extension is necessary to boost lending to SMEs, after recent figures showed a slump in new business.

Asset-based Lending

A slow build

Construction is regularly identified as one of the slowest business sectors in financial crisis Europe, but, as Peter Johnstone discovers, asset finance continues to feed investment appetite.