Asset investment levels remain strong

Investment in equipment and software should remain strong in 2018, expanding 7.9%, after solid growth in 2017, according to a Q4 update from the US Equipment Leasing & Finance Foundation. The prediction is an improvement on the 7% growth rate predicted the previous quarter.

Asset investment levels remain strong

Oct 12, 2018

Investment in equipment and software should remain strong in 2018, expanding 7.9%, after solid growth in 2017, according to a Q4 update from the US Equipment Leasing & Finance Foundation. The prediction is an improvement on the 7% growth rate predicted the previous quarter.

PCF Bank diversifies with acquisition of broadcast and media finance specialist Azule

PCF Bank has announced the acquisition of Azule, a pan-European provider of specialist funding to the broadcast and media industry, for £5.6 million. The acquisition is part of the bank’s expansion strategy and opens a new asset class within PCF’s existing asset finance market. PCF Bank currently offers retail savings products for individuals and then deploys those funds through its two lending divisions; consumer finance offers funding for motor vehicles, while business finance provides funding vehicles, plant and equipment to SMEs.

PCF Bank diversifies with acquisition of broadcast and media finance specialist Azule

Oct 09, 2018

PCF Bank has announced the acquisition of Azule, a pan-European provider of specialist funding to the broadcast and media industry, for £5.6 million. The acquisition is part of the bank’s expansion strategy and opens a new asset class within PCF’s existing asset finance market. PCF Bank currently offers retail savings products for individuals and then deploys those funds through its two lending divisions; consumer finance offers funding for motor vehicles, while business finance provides funding vehicles, plant and equipment to SMEs.

Simply Asset Finance to expand SME lending after funding boost from British Business Bank

Simply Asset Finance is planning a major expansion in its business after doubling its financing with the British Business Bank. The £60 million facility is the second tranche of financing to support lending to small and medium-sized businesses in the UK, taking the total funds provided by the bank to £120 million. In the past year, Simply Asset Finance has facilitated more than 1,000 finance agreements worth around £100m to SMEs.

Simply Asset Finance to expand SME lending after funding boost from British Business Bank

Oct 04, 2018

Simply Asset Finance is planning a major expansion in its business after doubling its financing with the British Business Bank. The £60 million facility is the second tranche of financing to support lending to small and medium-sized businesses in the UK, taking the total funds provided by the bank to £120 million. In the past year, Simply Asset Finance has facilitated more than 1,000 finance agreements worth around £100m to SMEs.

EMEA

Peer-to-Peer lending in UK exceeds £1bn in second quarter

Oct 04, 2018

The UK peer-to-peer lending industry provided loans totalling more than £1 billion in the second quarter of 2018. Latest published data from the Peer-to-Peer Finance Association (P2PFA) reveals that new lending to businesses by members has grown by almost £100 million quarter-on-quarter. Its data shows that 75% of new lending was to businesses.

Americas

US equipment finance new business volume up 14%

Sep 28, 2018

The US equipment finance sector posted new business volume of $8.9 billion in August, up 14% year-over-year from the same month in 2017 and up 9% on July’s total of $8.2 billion, according to data from the Equipment Leasing and Finance Association (ELFA). Its monthly leasing and finance index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the industry, showed cumulative new business volume was up 5% compared to 2017.

Asia Pacific

Santander builds ties to support China’s $900bn Belt and Road initiative

Apr 12, 2018

Santander and Bank of Shanghai have announced a strategic alliance as part of China’s Belt and Road initiative, one of the world’s biggest infrastructure projects. The memorandum of understanding between the two banks will focus on Europe and Latin America elements of the Chinese-led project to connect its mainland, the ASEAN countries, the Middle East, and Central and Eastern Europe via road and maritime routes. The initiative is set to be the defining legacy of Xi Jinping, China’s president, which has already attracted world leaders to discuss how the initiative will develop.