British Business Bank and Simply Asset Finance in £60m SME deal

The British Business Bank is providing a £60 million facility to Simply Asset Finance to increase its funding to SMEs. The transaction is the sixth made under the Bank’s ENABLE Funding programme, which aims to increase the supply of leasing and asset finance to UK SMEs.

British Business Bank and Simply Asset Finance in £60m SME deal

Jan 11, 2018

The British Business Bank is providing a £60 million facility to Simply Asset Finance to increase its funding to SMEs. The transaction is the sixth made under the Bank’s ENABLE Funding programme, which aims to increase the supply of leasing and asset finance to UK SMEs.

Standard Chartered commits $20bn to Chinese growth plan

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.

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.

Syscap rebrands to Wesleyan Bank

IT finance specialist Syscap has changed its name to Wesleyan Bank as part of its strategic growth plans. The move unifies the company’s operations under one brand following Wesleyan Bank’s acquisition of Syscap in 2015, which led to the IT finance specialist doubling its net lending to UK businesses.

Syscap rebrands to Wesleyan Bank

Jan 02, 2018

IT finance specialist Syscap has changed its name to Wesleyan Bank as part of its strategic growth plans. The move unifies the company’s operations under one brand following Wesleyan Bank’s acquisition of Syscap in 2015, which led to the IT finance specialist doubling its net lending to UK businesses.

EMEA

UK asset finance new business holds steady

Jan 11, 2018

The UK asset finance market has maintained a full-year growth rate of 4% as latest figures show the market held steady during November 2017. New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) in November was £2.5 billion, a similar level to the same month in 2016.

Americas

US tax reforms boost employee pay

Jan 09, 2018

US president Donald Trump’s ground-breaking tax reforms have released a wave of one-off bonus payments to employees and hourly wage rises since the legislation was signed off last year. Payments include substantial contributions to leasing company staff and charitable foundations.

Asia Pacific

Political rows could hinder Australian business growth

Nov 09, 2017

More than half of Australian businesses expect the political environment to impact their ability to grow during 2018, new research has warned. SMEs and businesses in the electricity, gas and water sector are particularly sensitive to the political environment, according to Alleasing.