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.…
Volkswagen FS places €2.7bn in bonds and ABS
Volkswagen Financial Services (VWFS) has placed three bonds for €2.25bn (£1.95bn) in total volume, as well as AUD 750m (£407m, €467m) in securities backed by Australian receivables.…
FLA: Asset finance business falls 1% in February
Asset finance business for small- and mid-ticket fell 1% year-on-year in February, to £1.95bn (€2.23bn), figures from the Finance and Leasing Association (FLA) have shown.…
Online challenger Banco BNI Europa sees equity investment
Lisbon-based online challenger Banco BNI Europa has attracted equity investment and posted net income of €2.3m in 2017.…
UK Finance: Invoice finance and ABL up 5% to £23.4bn in 2017
Invoice finance and asset-based lending in the UK stood at £23.4bn at the end of 2017, up 5% on the funds advanced at the end …
FLA: Asset finance new business grows to £2.3bn in January
Asset finance new business grew 3% year-on-year to £2.3bn (€2bn) in January, figures from the Finance and Leasing Association (FLA) have shown.…
Close Brothers asset finance book grew 2% in H2 2017
Close Brothers’ commercial finance book, comprising asset and invoice finance, hit £2.6bn (€2.9bn) in the six months to January 31, up 2% from the first half of the year.…
LeasePlan eyes June IPO as resale operations expand
LeasePlan is making preparations for an initial price offering in June, chief executive Gunning said following the release of the company’s 2017 results.…
Japanese Brexit-related warning over UK-based manufacturers
Captive lessor parent manufacturers Nissan, Komatsu, and Hitachi could move their manufacturing bases out of the UK if Brexit means they become unprofitable.…