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.…
BBI provides £12m to Universal Leasing
British Business Investments, the commercial arm of the British Business Bank, is investing £12m into North West-based Universal Leasing, an independent asset finance specialist which trades under the…
Santander discloses £91m bad debt from Carillion reverse factoring
Santander UK’s impairment from the Carillion reverse factoring scheme totalled £91m (€103m), a letter from the bank to British MPs has revealed, along with details on how the scheme operated.…
FLA: Asset finance business down 5% in March
Asset finance new business fell 5% year-on-year in March to £3.3bn, with IT equipment recording a particularly steep fall, figures from the Finance and Leasing Association have shown.…
Volvo FS revenues up 13% in first quarter
Truckmaker Volvo’s financial services division reported revenues of SEK 602m in the first quarter of 2018, up 13.3% year-on-year.…
Moody’s: End of BoE funding schemes will cost banks £803m
The end of the Bank of England (BoE)’s discounted-rate funding schemes will cost the banks extra £803m (€925m) in interest expenses, analysts at Moody’s have said.…
Praetura new business grows 54% in Q1
Praetura Asset Finance grew its lending 54% year-on-year in the first quarter of 2018.…
LeasePlan delays stock exchange float
LeasePlan’s chief executive Tex Gunning has said the company will postpone its initial public offering (IPO) until after summer.…