DLL records strong performance in 2021

DLL, global provider of asset-based financial solutions, has reported strong results for the 2021 business year, recording net profits of €586m, a 226% increase on the prior year. The company saw both portfolio and income growth over the period, while risk costs improved significantly due to more favourable economic conditions in key markets. Excluding currency movements, DLL’s portfolio balance grew by 3% to hit €37.4bn.

DLL records strong performance in 2021

Apr 29, 2022

DLL, global provider of asset-based financial solutions, has reported strong results for the 2021 business year, recording net profits of €586m, a 226% increase on the prior year. The company saw both portfolio and income growth over the period, while risk costs improved significantly due to more favourable economic conditions in key markets. Excluding currency movements, DLL’s portfolio balance grew by 3% to hit €37.4bn.

FLA showcases breadth of asset finance sector’s contribution at House of Commons event

The Finance & Leasing Association (FLA) recently hosted a parliamentary session jointly with the All Party Parliamentary Group on Alternative Lending to highlight the broad range of customers and markets its members finance. The event also provided an opportunity for the sector to showcase its contribution to the government’s Net Zero plans.

FLA showcases breadth of asset finance sector’s contribution at House of Commons event

Apr 06, 2022

The Finance & Leasing Association (FLA) recently hosted a parliamentary session jointly with the All Party Parliamentary Group on Alternative Lending to highlight the broad range of customers and markets its members finance. The event also provided an opportunity for the sector to showcase its contribution to the government’s Net Zero plans.

Novuna Business Finance drives green agenda with block discounting facility

Novuna Business Finance has launched a new block discounting facility for sustainable technologies. The product, which is suitable both for existing block customers and those looking to expand into this sector, focuses on assets which demonstrate a nature of sustainability and comes with favourable rates and facility sizes from £500,000 to £30 million.

Novuna Business Finance drives green agenda with block discounting facility

Apr 01, 2022

Novuna Business Finance has launched a new block discounting facility for sustainable technologies. The product, which is suitable both for existing block customers and those looking to expand into this sector, focuses on assets which demonstrate a nature of sustainability and comes with favourable rates and facility sizes from £500,000 to £30 million.

EMEA

UK SME lender Simply celebrates its 5th anniversary

Apr 01, 2022

Simply was founded in 2017 by a group of asset finance specialists, in response to the need for innovation and disruption in the sector. Since inception it has provided more than £700 million in lending to more than 4500 British SME’s. Simply prides itself for being there for their customers ‘Come rain or shine’ and has held firm over the last 5 years helping businesses prosper despite the challenging conditions.

Americas

CIT upgrades B2B point-of-sale lending platform

Feb 20, 2020

The small business solutions arm of CIT Group has launched a new version of its point-of-sale lending platform. The platform is available online and on mobile devices to simplify financing for small business purchases of $2,500 or more. Business customers can shop for products, be approved for credit, select terms and receive electronic documents to secure their purchase electronically. The platform also provides real-time monthly payment quotes and automatically sends electronic documents to customers for review and e-signature.

Asia Pacific

Brand value of world’s largest banks contracts for first time since financial crisis

Feb 19, 2020

The total brand value of the world’s 500 largest banks has declined for the first time since 2009. Research by independent brand valuation consultancy Brand Finance found the global brand value of the top banks fell from $1.36 trillion at the start of 2019 to $1.33 trillion for 2020. Chinese banks occupy the top four places in the Brand Finance Banking 500, with ICBC retaining first place overall. It is the country’s biggest lender with 600 million customers.