UK SME lender OakNorth has recorded pre-tax profit of £33.9m in 2018, a 220% increase from £10.6m yearly profit in 2017.…
NatWest doubles SME finance fund to £6bn April 23, 2019 Cambridge & Counties Bank balance sheet exceeds £1bn
Leicester-based Cambridge & Counties Bank has seen its balance sheet top £1bn for the first time.…
CBI & PwC: demand for UK financial services falls for first time since 2013
Specialist lenders were among 84 respondents to the CBI and accountancy firm PwC to say demand had fallen for the first time in 6 years.…
UK alternative finance market grew 35% to £6.2bn in 2017
The UK alternative finance market grew 35% to £6.2bn in 2017 driven mostly by peer-to-peer business lending, according to a report by Cambridge Centre for Alternative …
Leasing Life 2018 awards winners announced in Tallinn
The winners of the 2018 Leasing Life Awards were announced last night at the Hilton, Tallinn Park in Tallinn, Estonia. The fourteenth annual conference and …
LeasePlan puts IPO plans on hold
LeasePlan put brakes on its IPO plans on Friday, only a few days after the company said a stock exchange float was a matter of weeks.…
CYBG gets capital boost from own weighting of SME portfolio
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.…
