The BoE said CYBG could use its own model to weigh risk on its SME and corporate loanbook, improving the accuracy of its risk to asset ratio and the equity buffer in the bank.…
Santander UK provides £20m funding to automotive parts supplier
First Line, a UK-based supplier of automotive components to the vehicle aftermarket, has received £20m in funding from Santander UK.…
British Business Bank pumps £25m equity into Secure Trust Bank
British Business Investments, the investment arm of wholesale funder British Business Bank has injected £25m (€28m) of equity capital into Secure Trust Bank (STB).…
Handelsbanken Edgbaston backs Mechatronic for warehouse robot leasing
Handelsbanken UK has enter a vendor finance agreement with Birmingham-based Mechatronic to offer leasing on warehouse robots.…
PCF Bank to acquire media lessor Azule for £5.6m
PCF Bank has agreed to acquire media equipment lessor Azule Finance for £5.6m (€6.3m), which will give it access to a previously untapped asset class and a post-Brexit foothold in Europe.…
BNP Paribas appoints UK head for commercial vehicle leasing
BNP Paribas Leasing Solutions has appointed the UK head for Rental Solutions, the lessor’s unit for commercial vehicle leasing.…
SocGen seeks Poland exit as bids for Eurobank unit come in: report
Credit Agricole and others have bid for the acquisition of Societe Generale’s Polish subsidiary Eurobank, according to a report, as one of Europe’s biggest banks and lessors seeks an exit …
BNP Paribas sets up Nordics leasing hub
BNP Paribas Leasing Solutions (BPLS) has geared up for expansion in the Nordics following the incorporation of Landkreditt Finans as its branch in Norway and …
Asset and invoice finance shine in RBS commercial banking H1 results
Half-year results for RBS Group have shown a 13% year-on-year increase to £533m (€598m) in revenues for the “specialised commercial banking” segment, which includes RBS Invoice Finance and…
Barclays takes MarketInvoice to SME customers following equity injection
Barclays has taken a minority stake in peer-to-peer (p2p) lender MarketInvoice, and will soon start introducing the platform to SME clients.…