UK asset finance market breaks records

Asset finance new business reached record levels in 2017 following growth of 5% during the year, according to the latest figures from the UK's Finance & Leasing Association (FLA). The sector achieved its seventh consecutive year of growth, with new business levels reaching almost £32 billion last year. The plant and machinery finance and commercial vehicle finance sectors reported new business up in 2017 by 12% and 1% respectively, compared with 2016, while new finance for business equipment was up by 7% over the same period.

UK asset finance market breaks records

Feb 09, 2018

Asset finance new business reached record levels in 2017 following growth of 5% during the year, according to the latest figures from the UK's Finance & Leasing Association (FLA). The sector achieved its seventh consecutive year of growth, with new business levels reaching almost £32 billion last year. The plant and machinery finance and commercial vehicle finance sectors reported new business up in 2017 by 12% and 1% respectively, compared with 2016, while new finance for business equipment was up by 7% over the same period.

Iseki UK signs with Hitachi Capital Business Finance

Iseki UK and Ireland, the agricultural and grounds care equipment company, has chosen Hitachi Capital to provide floor-plan services to its network of 60 dealers across the UK. As part of the agreement, both companies intend to launch new retail finance options later in the year.

Iseki UK signs with Hitachi Capital Business Finance

Feb 08, 2018

Iseki UK and Ireland, the agricultural and grounds care equipment company, has chosen Hitachi Capital to provide floor-plan services to its network of 60 dealers across the UK. As part of the agreement, both companies intend to launch new retail finance options later in the year.

MarketInvoice partners with Euler Hermes to protect invoice finance customers from bad debt

Online UK business finance company MarketInvoice has established a partnership with global trade-credit insurance firm Euler Hermes to provide credit insurance policies to customers. The arrangement means that MarketInvoice customers who use invoice finance solutions will be protected in the event their customer becomes insolvent or fails to pay within the agreed terms.

MarketInvoice partners with Euler Hermes to protect invoice finance customers from bad debt

Feb 08, 2018

Online UK business finance company MarketInvoice has established a partnership with global trade-credit insurance firm Euler Hermes to provide credit insurance policies to customers. The arrangement means that MarketInvoice customers who use invoice finance solutions will be protected in the event their customer becomes insolvent or fails to pay within the agreed terms.

EMEA

Optimistic outlook for European leasing companies

Feb 08, 2018

European leasing companies are predicting new business volumes will increase in the first half of 2018. Research from Leaseurope, the representative body of the European leasing and automotive rental industry, also reveals that 65% expect net profits to rise, despite signs of an increasingly competitive market. Businesses provided their outlook for the year in the Leaseurope/Invigors European Business Confidence Survey, which was conducted in December 2017.

Americas

Year-end spike in equipment finance new business

Feb 02, 2018

New business volumes for equipment finance spiked at the end of 2017, according to the latest data from the Equipment Leasing and Finance Association (ELFA). Overall new business volume for December was $12.8 billion, up 6% year-over-year from new business volume in December 2016. Volume was up 71% month-to-month from $7.5 billion in November, while cumulative new business volume for 2017 was up 5% from 2016.

Asia Pacific

Standard Chartered commits $20bn to Chinese growth plan

Jan 10, 2018

Standard Chartered Bank has announced a commitment to support the Chinese-led ‘Belt & Road’ initiative by facilitating financing of at least $20 billion by 2020. Standard Chartered argues it is one of only a few truly global banks that can facilitate trade, capital and investment flows across Belt & Road markets. It already makes around 85% of its income from Asia, Africa and the Middle East.