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ING Lease to focus on UK broker model in Germany

ING Lease to focus on UK broker model in Germany

Mon, Mar, 1 2010

ING Lease Holding has big plans to support its parent group, including the prospect of expanding its German business along the lines of ING Lease UK’s broker-fed model. CEO John Howland-Jackson, who last month said asset finance had emerged as “very much a core product offering”, described the creation of an intermediary-led business in Germany as a “huge opportunity”.

In brief - technology

In brief - technology

Mon, Mar, 1 2010

Software house Banqsoft has just signed a major contract with Norway’s largest financial services group, DnB NOR Finans, covering Norway, Sweden and Denmark.

NetSol signs lucrative contract in China

NetSol signs lucrative contract in China

Mon, Mar, 1 2010

NetSol Technologies has won a lucrative deal with a Chinese finance company, strengthening its presence in the lucrative Chinese leasing market. The latest deal is with a China-based lessor, which according to the software house has “a major European bank and a multi-billion dollar Chinese financial services group as partners”.

Trumpf sees continued success with SG partnership

Trumpf sees continued success with SG partnership

Mon, Mar, 1 2010

Machine tool and laser manufacturer Trumpf is enjoying sales aid success through its expanding leasing operation, which includes dedicated leasing subsidiaries in addition to an international vendor partnership with SG Equipment Finance.

BFL Leasing signs VF deal with comTeam

BFL Leasing signs VF deal with comTeam

Mon, Mar, 1 2010

Germany’s BFL Leasing, a VR Leasing subsidiary specialising in IT and telecoms financing, announced a new partnership agreement with Düsseldorf-based comTeam, a division of IT reseller ElectronicPartner Group, last month.

In brief - deals

In brief - deals

Mon, Mar, 1 2010

HSBC is to sell its train leasing business, HSBC Rail, for a price of £2 billion (€2.27 billion). Australian financial services group Macquarie and investment giant JPMorgan are understood to be interested in making the purchase as a joint venture, while Star Capital is also in the bidding.

Ryder signs UK’s first electric HGV lease deal

Ryder signs UK’s first electric HGV lease deal

Mon, Mar, 1 2010

Truck lessor Ryder has delivered a 10-tonne Smith Newton truck to distribution and outsourcing group Bunzl, after signing a pioneering 10-year contract hire agreement believed to be one of the first lease deals for an electric HGV in the UK.

Lombard order book continues to grow

Lombard order book continues to grow

Mon, Mar, 1 2010

A string of large deals won by Europe’s major commercial vehicle lessors and manufacturers, involving hundreds or – in some cases – thousands of vehicles, is fuelling some optimism within a largely shattered sector.

ING Lease and Aldermore sign deal with Syscap

ING Lease and Aldermore sign deal with Syscap

Mon, Mar, 1 2010

Syscap Holdings Limited has negotiated a series of new debt packages in the wake of continuing recessionary- related difficulties at the IT lessor.

BA&SF under pressure over high-risk deals

BA&SF under pressure over high-risk deals

Mon, Mar, 1 2010

A downturn during 2009 at Barclays Asset & Sales Finance has had a major knock-on effect on its parent’s commercial division. A 10 percent fall in total assets in commercial bank had been driven “by reduced overdraft borrowings and lower volumes in Barclays Asset and Sales Finance business”.

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