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.…
Societe Generale finalising sale of Bulgarian subsidiary: reports
Societe Generale is about to sell its Bulgarian Expressbank subsidiary, which controls the group’s leasing operations in the country, to Hungarian banking group OTP, according to reports.…
FCA unable to intervene in RBS GRG case
The Financial Conduct Authority (FCA) has said it will not take further action towards RBS in relation to the Global Restructuring Group case, because it does not have the appropriate disciplinary or …
Metro asset and invoice finance book grows 20% in first half of 2018
Metro Banks saw its asset and invoice finance book grow 20% year-on-year in the six months to June, to £274m (€308m).…
Turkish lessor QNB gets €25m EBRD backing
Turkish lessor QNB Finans Leasing has received a €25m (£22m) wholesale loan from London’s European Bank of Reconstruction and Development (EBRD).…
Piraeus sells Romanian unit to EBRD and PE firm
The Romanian subsidiary of Greece’s Piraeus Bank, which includes leasing, factoring and trade finance in its offering, has been jointly acquired by the European Bank of Reconstruction and Develo…
Barclays offers SMEs cashback asset finance incentive
Barclays has obtained £300m from the British Business Bank (BBB) as a guarantee for its cashback asset finance scheme for SME investment in vehicles, equipment, …
CYBG to bring Virgin brand to SME space following £1.7bn takeover
CYBG, the parent group of Clydesdale Bank and Yorkshire Bank, is to acquire Virgin Money for £1.7bn (€1.9bn), potentially boosting the reach of CYBG’s SME lending operations.…