Women’s Leadership Forum fosters increased diversity in equipment finance

The first-ever Women’s Leadership Forum organised by the Equipment Leasing and Financing Association (ELFA) in the US focused on tangible steps to improve performance and grow leadership skills. Among speakers at the event were Lori Frasier, chair of the ELFA Women’s Council and senior vice-president of strategy and performance management for Key Equipment Finance (pictured); Dr. Terri Boyer, the founding director of the Anne Welsh McNulty Institute for Women’s Leadership at Villanova University; Robbie Samuels, author of Croissants vs. Bagels: Strategic, Effective, and Inclusive Networking at Conferences; Amanda Dooley, digital communications and content partner for DLL; and Tanya Menon, associate professor at the Fisher College of Business at Ohio State.

Women’s Leadership Forum fosters increased diversity in equipment finance

May 17, 2018

The first-ever Women’s Leadership Forum organised by the Equipment Leasing and Financing Association (ELFA) in the US focused on tangible steps to improve performance and grow leadership skills. Among speakers at the event were Lori Frasier, chair of the ELFA Women’s Council and senior vice-president of strategy and performance management for Key Equipment Finance (pictured); Dr. Terri Boyer, the founding director of the Anne Welsh McNulty Institute for Women’s Leadership at Villanova University; Robbie Samuels, author of Croissants vs. Bagels: Strategic, Effective, and Inclusive Networking at Conferences; Amanda Dooley, digital communications and content partner for DLL; and Tanya Menon, associate professor at the Fisher College of Business at Ohio State.

Asset finance loan book jumps 37% at Hampshire Trust Bank

Pre-tax profits at Hampshire Trust Bank in the UK nearly doubled to £9.9 million during 2017, with every area of the business reporting growth, including asset finance. The company reported pre-tax profits up from £5.5 million for 2016, or up from £4.4 million for continuing activities.

Asset finance loan book jumps 37% at Hampshire Trust Bank

May 08, 2018

Pre-tax profits at Hampshire Trust Bank in the UK nearly doubled to £9.9 million during 2017, with every area of the business reporting growth, including asset finance. The company reported pre-tax profits up from £5.5 million for 2016, or up from £4.4 million for continuing activities.

Brexit disruption delays asset finance decisions

Brexit uncertainty is causing some businesses to delay new investment, industry analysts have warned, amid a call for clarity on future trade agreements with Europe. A study conducted by United Trust Bank has revealed that two-thirds (67%) of asset finance brokers say there has been an impact, with spending on vehicles, plant and machinery particularly affected.

Brexit disruption delays asset finance decisions

May 03, 2018

Brexit uncertainty is causing some businesses to delay new investment, industry analysts have warned, amid a call for clarity on future trade agreements with Europe. A study conducted by United Trust Bank has revealed that two-thirds (67%) of asset finance brokers say there has been an impact, with spending on vehicles, plant and machinery particularly affected.

EMEA

Volvo Group CEO Martin Lundstedt prioritises financial services innovation

May 03, 2018

Volvo Financial Services, part of truck and equipment manufacturer Volvo Group, financed more than 53,000 units in the first quarter of 2018, a rise of nearly 10% compared to the same period last year. The division funded 25% of group sales in markets where the business offers financial services. New retail financing volume grew nearly 13% to SEK13.2 billion ($1.5 billion), with the net credit portfolio reaching SEK135 billion ($15.3 billion).

Americas

Hitachi Capital America funds $4.6 billion assets

May 24, 2018

Hitachi Capital America (HCA) posted a double-digit increase in assets last year amid plans to continue its push to widen its lending base beyond its traditional transportation market. Total assets surpassed $3 billion and total funded volume reached $4.6 billion, the company revealed.

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.