All articles by Sotiris Kanaris

Sotiris Kanaris

FLA: Asset finance up 10% in November

Asset finance new business increased by 10% in November compared to the same month last year to £2.25bn (€3bn), according to the Finance & Leasing Association (FLA).

Aldermore’s £2m facility buys steel manufacturer out of administration

UK challenger bank Aldermore has provided a £2.11m (€2.81m) invoice and asset finance facility for the buyout of UK steel manufacturer Thomas Storey.

Industry awaits publication of new lease accounting standard

European lessors are awaiting the final version of the lease accounting standard – IFRS 16 – by the International Accounting Standard Board (IASB), which is expected to be released tomorrow.

Former ABN Amro business development manager joins Boost Capital

SME lender Boost Capital has appointed Tom Fox as business development manager, who will be responsible for building awareness and strengthening Boost Capital’s relationships with the broker and intermediary community.

Investec Asset Finance provides £534m of finance in 2015

Investec Asset Finance has provided £534m (€712m) in finance deals over the course of 2015, according to a company report.

Epyx makes three director level appointments

Automotive technology provider epyx has made three director level appointments.

BFS: Less than two in five SMEs expect to grow in Q1 2016

Only 36% of UK SMEs expected to grow in the first quarter of 2016, according to a survey by Bibby Financial Services (BFS).

Opel appoints new European fleet director

Opel has appointed Wolfgang Stahl to the role of director of European fleet, remarketing and used Vehicle Operations.

Joanne Davis to head Locke Lord’s asset finance and leasing division

Experienced leasing solicitor Joanne Davis has joined Locke Lord’s London office as partner and head of the firm’s UK asset finance, leasing and consumer finance division.

ALD Automotive to acquire Hungarian fleet management company

ALD Automotive has entered into a definitive agreement with MKB Bank and Letét, to acquire 100% of the shares of the Hungarian fleet management company MKB-Euroleasing Autópark and its Bulgarian subsidiary MKB-Autopark Eood.