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.…
Residual values in heavy assets up 20%, auctioneer finds
Construction and agricultural machinery that’s between two and five years old and in top condition was trading at a premium at a used equipment auction organised by Euro Auctions in August.…
Alfa revenues drop 27% on delayed contracts
Alfa Financial Software saw a 27% year-on-year drop in revenues in the first half of the year, to £32.9m (€36.5m), which the software company blamed on the delayed implementation of certain contracts.…
DLL portfolio grows 6% to €32.2bn in first half of 2018
DLL’s portfolio grew 6.2% year-on-year to €32.2bn (£29.2bn) in the six months to June, with markets in Benelux reporting particularly strong performance.…
CMA survey: Handelsbanken top high street bank for UK SMEs
Handelsbanken UK has came out on top among British high street banks for SMEs’ satisfaction with relationship management, in the first such survey commissioned by …
£775m RBS funding applications delayed until November
Banking Competition Remedies (BCR), the independent body established to implement £775m RBS funding known as the State Aid Alternative Funding Package, has appointed an executive director and targeted…
Lex Autolease hits 100,000 broker-originated deals
Lex Autolease, the fleet and leasing division of Lloyds Bank, has hit 100,000 broker-originated deals, as brokerage becomes an increasingly important pipeline for the company.…
Reward Finance grows loan book to £53m
Reward Finance grew its loan book to £53m (£60m) in the 12 months ending February, an increase of 29% on the previous year.…
Close, Amicus, Leumi lessee goes bust with £4m outstanding
A debtor to Close Brothers Asset Finance, Leumi ABL and Amicus Asset Finance has gone into administration with a total of around £4m (€4.5m) in total owed to the three lenders.…
Paragon asset finance business doubles its lending to SMEs
Paragon Banking Group’s asset finance lending into small and medium-sized UK businesses in H1 2018 was up 54% to £164m compared with the same period last year.…