BNP Paribas Group has agreed the purchase of Raiffeisen’s core banking operations in Poland, including vehicle, trade and invoice finance, for PLN 3.25bn (£676m, €775m).…
Epyx launches “pay-as-you-go” leased vehicle servicing product
Software provider Epyx has launched a “pay-as-you-go” servicing, maintenance and revision (SMR) product for car leasing providers.…
Alphabet expands into Ireland with Avis Fleet Solutions
Alphabet International has expanded into Ireland via an agreement with Avis Fleet Solutions.…
IFC Fleet acquires B2B rental provider
Fleet management and logistics company IFC has acquired Fownd, a provider of daily rental for commercial vehicles, for an undisclosed sum.…
Moody’s warns of diesel ban threat to German auto finance
Germany’s decision to city authority bans on diesel vehicles poses a risk to auto finance companies in the country, rating agency Moody’s has warned.…
Alphabet expands into Portugal through local partner
Alphabet, the business mobility division of the BMW group, has expanded into Portugal through local partner Finlog. Alphabet has begun offering its leasing products in …
UK gov’t considers VED relief for cleaner vans
The UK government will open a consultation on reduced vehicle excise duty (VED) rates for greener generations of vans, chancellor of the Exchequer Philip Hammond has said in his spring budget update.…
Sixt launches fleet and mobility bundle for corporates
German car rental company Sixt has launched a unified corporate package bundling leasing, rental, fleet management and mobility.…
Alphabet portfolio grows 5.5% in 2017
The lease portfolio of Alphabet, BMW’s commercial fleet leasing subsidiary, grew 5.5% in 2017, reaching 680,000 vehicles.…
Lex Autolease pushes Lloyds retail income up to £9.9bn
Lloyds’ retail banking division saw net income up 5% to £9.9bn in 2017, partly thanks to growth in Lex Autolease.…