Japanese finance giant MUL buys into US market with ENG acquisition

Mitsubishi UFJ Lease & Finance Company (MUL) has announced the acquisition of ENGS Commercial Finance, as part of a push into the US market. In Japan, MUL is well-known for delivering vendor-based financing products and in 2015 it began expanding internationally by launching a dedicated business in Thailand. The US acquisition is the next step in its global growth plans.

Japanese finance giant MUL buys into US market with ENG acquisition

Nov 09, 2018

Mitsubishi UFJ Lease & Finance Company (MUL) has announced the acquisition of ENGS Commercial Finance, as part of a push into the US market. In Japan, MUL is well-known for delivering vendor-based financing products and in 2015 it began expanding internationally by launching a dedicated business in Thailand. The US acquisition is the next step in its global growth plans.

Brazil’s capital markets predicted to strengthen under Jair Bolsonaro

Brazil’s capital markets are predicted to strengthen under new president-elect Jair Bolsonaro. According to a new report looking at the financial impact of his election, Bolsonaro’s team has adopted a series of free-market policies and is in favour of privatisation of state financial assets. An Economist report, titled ‘Order and progress? Brazil’s post-electoral outlook’, concludes these are “sensible policies to develop Brazil’s capital markets.”

Brazil’s capital markets predicted to strengthen under Jair Bolsonaro

Nov 01, 2018

Brazil’s capital markets are predicted to strengthen under new president-elect Jair Bolsonaro. According to a new report looking at the financial impact of his election, Bolsonaro’s team has adopted a series of free-market policies and is in favour of privatisation of state financial assets. An Economist report, titled ‘Order and progress? Brazil’s post-electoral outlook’, concludes these are “sensible policies to develop Brazil’s capital markets.”

BCI reports strong growth in Chilean machinery and equipment finance

Banco de Crédito e Inversiones (BCI) has reported significant growth in the Chilean machinery and equipment finance sector. In its Chilean Economic Outlook report, the bank addressed the country’s second-quarter growth of 5.3%, which exceeded previous expectations of 5.2%, and credited the increase in part to a spike in the sector’s financing. The report said: “The highlight of domestic demand was the large 7.1% year-on-year growth of gross fixed capital formation. This larger increase in investment was driven by the higher growth of machinery and equipment with this component increasing an annual 12.5%.”

BCI reports strong growth in Chilean machinery and equipment finance

Nov 01, 2018

Banco de Crédito e Inversiones (BCI) has reported significant growth in the Chilean machinery and equipment finance sector. In its Chilean Economic Outlook report, the bank addressed the country’s second-quarter growth of 5.3%, which exceeded previous expectations of 5.2%, and credited the increase in part to a spike in the sector’s financing. The report said: “The highlight of domestic demand was the large 7.1% year-on-year growth of gross fixed capital formation. This larger increase in investment was driven by the higher growth of machinery and equipment with this component increasing an annual 12.5%.”

Americas

Political uncertainty dampens equipment leasing confidence

Oct 30, 2018

Uncertainty caused by the US mid-term elections is affecting confidence in the equipment finance sector, according to latest data from the Equipment Leasing and Finance Foundation. The Foundation’s monthly confidence index for the equipment finance industry (MCI-EFI) eased in October to 63.2, a decrease from the September index of 65.5.

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.