All articles by Richard Irvine-Brown
Richard Irvine-Brown
Irish Life to sell leasing and loan books
There are reports the two could be sold separately with the car loan book worth 500m, spread across loans of a minimum 4,000, and the leasing operation worth 100m, financing agricultural machinery to farmers, local authorities, landscape gardeners and sports clubs The move comes as IL&P seeks to separate its insurance and banking business by the end of the first quarter of 2012.
FLA welcomes Osborne’s autumn statement
The Finance and Leasing Association (FLA) says it is pleased with Chancellor George Osbornes autumn statement, and has announced a scheme run in cooperation with the government to make additional finance available to businesses using asset finance delivery channels. The FLA commended the governments pledge known as credit easing to underwrite bank loans to small businesses, aimed at lowering the cost of borrowing, and the initial availability of £1bn through the Business Finance Partnership
Fleet Friday: Renault, Zenith and ACFO Awards
Renault has handed over the keys to six more vehicles to property maintenance firm Integral UK Ltd; Zenith announces its Pulse online database; and Ford and ALD win at the ACFO Awards.
BMW ‘rapid growth’ in Q3
BMW Financial Services (BMWFS) has reported growth of 5.1% in total contracts, 10% in new contracts and 8.7% in business volume in the first nine months of the year compared to the first nine months of 2010.
Microlease positioned to support satellite project
Rental and asset manager Microlease will provide the Galileo GPS (global positioning system) Space Project with its Leo web- and mobile-enabled business management solution and software support, after signing an open-ended contract. The Leo system will support Europes global navigation satellite system and aid in managing the maintenance of ground station assets at the projects control centre Designed to support the lifecycle of assets from design to disposal, Leo will hold data and maintain the build quality and configuration of assets at the Galileo ground control site in Oberpfaffenhofen, Bavaria, and at others around the world
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WCG system reaches eight new markets
White Clarke Groups (WCG) CALMS2 dealer front end system has been chosen by a leading US-based automotive finance company to be used in eight countries. The SAP-compliant contract management system, which works with existing underwriting and payout and activation systems and already supports 300,000 contracts, will be launched in the UK by the end of 2011 and is already in use in Brazil
Evidence of the franchise effect: CSI Leasing buys Fortis Lease Czech
BNP Paribas Leasing Solutions, the leasing arm of BNP Paribas, has completed the sale of Prague-based Fortis Lease Czech to CSI Leasing Inc., the St Louis-based computer, communications, medical, energy, production and equipment leasing company.Fortis Lease Czech has been in run-off since Autumn 2009 according to BNP Paribas and CSI Leasing has acquired it in a period of expansion that includes opening operations in France and Italy.
BNP Paribas helps SAP to offer software financing
Halfway through a competitive software finance promotion in partnership with BNP Paribas Leasing Solutions (BPLS), computing giant SAP has reported robust sales in the UK under the scheme. SAP is in the process of driving the deal to market through their resellers though financing will be available both through them and SAP directly until 16 December and will centre on the offer of not having to pay until next year.
The Asset Works appoints Andrew Slatford to board
Andrew Slatford has been appointed as a non-executive director of The Asset Works, an advisory and service provider to the leasing sector.